History of the Austrian School of Economics

Commerce and Government is an extremely important book in the Austrian tradition. Reason enough, I shall hope, for every Austrian economist to become acquainted with it.

Richard Cantillon was the first economist to successfully examine the cyclical nature of the capitalist economy. He lived at a time (168?–1734) when the institutions of the modern capitalist  economy 

Wicksell's obituary of Carl Menger is here publised in English for the first time, thanks to the efforts of Per Bylund who translated it from the original Swedish.

The false-money debate of 1866 in the Journal des Economistes was the first time that uncompromising laissez-fair advocates clashed on the question of fiduciary media. 

Profits and losses provide powerful incentives. This essay explores the roles of profits and entrepreneurs in a market economy. 

Endres has done an adequate job of high lighting elements of distinctiveness and similarity among the founding Austrians (Menger, Wieser, and Böhm-Bawerk) which go beyond the cut-and-dried methodological issues emphasized by later Austrians.

In the following I shall try, first, to briefly introduce the two interpretations of Schutz’s relationship with the Austrians, and second, to cast new and more detailed light upon some aspects of the relationship

The author believes the evidence presented in this paper raises serious questions for Kirzner’s interpretation of Robbins’s Essay. Mises certainly treated Robbins’s book 

I have re-examined Bastiat’s contributions to economic theory and have found the charges against him to be unsubstantiated. In terms of economic theory, Bastiat is widely knowledgeable