Biographies

The prehistory the Austrian School of economics can be found in the works of the Spanish scholastics written in the "Spanish Golden Century."

“I champion an economic order ruled by free prices and markets...the only economic order compatible with human freedom.”

One of the most notable economists and social philosophers of the twentieth century, Ludwig von Mises, in the course of a long and highly productiv

“The theory of capital lacks a simple dimension for the measurement of its subject matter.

Claude Frederic Bastiat was a French economist, legislator, and writer who championed private property, free markets, and limited government. Perhaps the main underlying theme of Bastiat's writings was that the free market was inherently a source of "economic harmony" among individuals, as long as government was restricted to the function of protecting the lives, liberties, and property of citizens from theft or aggression. To Bastiat, governmental coercion was only legitimate if it served "to guarantee security of person, liberty, and property rights, to cause justice to reign over all."

The 1920s and 1930s were a glorious era in the history of the Austrian School of economics.

Ludwig von Mises (29 Sept. 1881-10 Oct.

Biography of Fritz Machlup (Dec. 15, 1902–Jan. 30, 1983), by Mark Thornton.

Margit and Ludwig von Mises were a magnificent team. Margit was unsurpassed in devotion to Mises the person in life and in perpetuating his memory and his ideas after his death.

ANNE ROBERT JACQUES TURGOT'S career in economics was brief but brilliant, and in every way remarkable. In the first place, he died rather young, and second, the time and energy he devoted to economics was comparatively little. He was a busy man of affairs, born in Paris to a distinguished Norman family which had long served as important royal officials. Turgot's father, Michael-Etienne, was a Councillor of the Parliament of Paris, a master of requests, and top administrator of the city of Paris. His mother was the intellectual and aristocratic Dame Magdelaine-Francoise Martineau.