History of the Austrian School of Economics

In the midst of moral and intellectual decay, Roepke was an inflexible harbinger of the return to reason, honesty and sound political practice.

The question is not whether economic progress makes people happy. Most mothers feel happier if their children survive, and most people feel happier without tuberculosis than with it.

Mises did not just proclaim to the masses that civilization was in danger. Rather, Mises dedicated his entire life to educating his fellow man about sound economics and its importance to freedom and liberalism.

While searching through my apartment after a tragic fire, under soot and ash, I found these “lost” Rothbard lectures, recorded at NYU in 1979 and 1980.

"Libertarianism" is very much a part of what is now known as "classical" liberalism — the influential free-market ideology of the nineteenth century whose effects and legacy are still felt today.

If Austrian economics seems daunting, just read Hazlitt.

The social, political, and economic conditions of our world today give Ludwig von Mises’s treatise a refreshing relevance matched by few other works written over the last century.

The General Theory is not a book explaining economics to his followers at all, but a propaganda tool to lead them to his vision of a non-Marxist socialist nirvana.

Mises was not one to praise individual economists very often. But he still had his favorites.

Even Marx was forced to admit that workers were not being paid at subsistence levels, and that capitalism led to a rising standard of living for workers. So in order to save his theory, he redefined the concept of subsistence.