History of the Austrian School of Economics

A free-wheeling discussion of what Murray Rothbard was like as an intellectual, a scholar, and a person

Ludwig von Mises reminds us that thanks to the rise of markets and capitalism, human beings gained more access to more abundance than ever before. And it is the consumers, not the producers, who have power over the market process.

Many people mistakenly think of Austrian economics as nothing more than a radical defense of free markets, though it's really a framework for studying human action and its social implications.

Populism was in the air this week as ranchers in the Western US opposed the spread of federally-owned lands, and reformers in Switzerland look to a referendum on fractional reserve banking.

In a superb talk given on February 27, 1984, at an early Mises Institute event in New York City, Margit von Mises discusses the process by which she came to write the memoir of her late husband, as well as his impact on the world.

Murray Rothbard dreamed of a fellowship program at the Mises Institute where students could become new Austrian scholars. In the twenty years since Rothbard’s death, the Mises Institute has worked with hundreds of young academics to build a new generation of Austrians.

In his book Never Let a Serious Crisis Go to Waste, Philip Mirowski correctly diagnoses many problems with neoclassical economics. The reader soon notices, however, that Mirowski doesn't know the difference between Austrian economists and neoliberals.

Happy New Year from everyone at the Mises Institute! After an exciting 2015 filled with important research and growth in our global reach, we look forward to 2016. We start the new year with a Mises Weekends from Judge Andrew P. Napolitano.

Mises was not only a dazzling economist and champion of liberty, but no Communist, nor Nazi, nor central banker could pressure him into doing the wrong thing

As an exciting year comes to a close, we want to thank all of our incredible members that allow us to do the work we do in advancing Austrian economics, freedom, and peace.