The Explanatory Power of Economic Logic
Robert Murphy recommends Sowell's latest book, though with reservations.
Robert Murphy recommends Sowell's latest book, though with reservations.
Austrian economics has nothing to do with the economics of Austria. Austrian Economics (AE) began with Carl Menger in 1871. It is based on an analysis of individual action, not aggregates or groups.
WWI was a kind of turning point. Bolshevism, National Socialism and fascism are related ideologies which surfaced after the war. Fascism was the wave of the future in 1920 with its notion of government central planning.