Faculty Panel: Theory and Method

The Theory and Method faculty panel  takes questions from Mises University students. They work through the tough theoretical ones (whether “supply-shock” inflation is really monetary, what Hayek got wrong about prices, how the mainstream’s new “causal inference” differs from praxeological causation, whether transaction-cost economics fits an Austrian framework), then turn personal: the moment each of them discovered there was a way to do economics connected to the real world.

Recorded at the Mises Institute in Auburn, Alabama, on July 24, 2026.

Mises University is the world’s leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.