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- Search found 11 items for:
- History of the Austrian School of Economics
- Philosophy and Methodology
- Jörg Guido Hülsmann
Media Asset
Author:
Jörg Guido Hülsmann
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Carl Menger (b. 1840) dared to create something he called the Austrian School of Economics. His was a new way of doing economic analysis. He sided with Aristotle’s realism. Menger studied human needs and saw discreet units of need – the essence of his marginal approach. Value is subjective dependent upon individuals. His theory of marginal utility
Media Asset
Author:
Jörg Guido Hülsmann
Online Publish Date:
This 1912 book is Mises’ first great theory. Mises agreed with Menger about the spontaneous emergence of money. No government is needed. Mises used a logical proof called the regression theory. It explained why money is demanded in its own right. Five major contributions Mises made were: 1) the nature of money, 2) a theory of the value of money,
Media Asset
Author:
Jörg Guido Hülsmann
Online Publish Date:
Mises was in his prime from 1920-1934 while he was 39-53 years old. Three main areas in these years were certain people, his intellectual contributions, and other work. Hayek, Machlup, Robbins, and Margit were chief among the people. Intellectually, he found socialism and interventionism to be inefficient. Mises refines his business cycle theory.
Media Collection
Author:
Jörg Guido Hülsmann
Hülsmann’s sweeping intellectual biography of Ludwig von Mises. Narrated by Paul Strikwerda.
Mises Wire
Author:
Jörg Guido Hülsmann
Online Publish Date:
[Originally published as “Economic Science and Neoclassicism” in the Review of Austrian Economics: Winter 1999 ] For more than forty years, economists have routinely rejected the postulate that economic theory should be realistic. Ever since Milton Friedman (1953) sketchily outlined a positivistic methodology for economics, most students of our
Mises Daily
Author:
Jörg Guido Hülsmann
Online Publish Date:
The theory of the division of labor is one of the cornerstones of economics. It is the very foundation of the scientific analysis of society and the market. According to this theory, cooperation among any number of persons is more productive than the individual efforts of the same persons in isolation from one another. It follows that all
Mises Daily
Author:
Jörg Guido Hülsmann
Online Publish Date:
[This article is excerpted from Memoirs by Ludwig von Mises.] Ludwig von Mises is the author of dozens of books and hundreds of articles in which he made pioneering contributions to economics, history, the philosophy of science, and social philosophy. He had a direct personal influence on many outstanding social scientists such as F.A. Hayek,
Mises Daily
Author:
Jörg Guido Hülsmann
Online Publish Date:
Two months ago, on May 16, the great French economist Pascal Salin celebrated his 70th birthday. I first met Professor Salin in late 1997, in his office at the University of Paris-Dauphine. When I mentioned that I had been drawn to the Austrian School not least of all because of Mises’s epistemology, he raised his eyebrows and put on a skeptical
Mises Wire
Author:
Jörg Guido Hülsmann
Online Publish Date:
[Publicado originalmente como « Economic Science and Neoclassicism » en la Review of Austrian Economics: Winter 1999 ] Durante más de cuarenta años, los economistas han rechazado sistemáticamente el postulado de que la teoría económica debería ser realista. Desde que Milton Friedman (1953) esbozó esquemáticamente una metodología positivista para