History of the Austrian School of Economics

If the secret wishes of each producer were realized, the world would retrograde rapidly toward barbarism.

Economics is <em>not</em> a dry subject. It is <em>not</em> a dismal subject. It is <em>not</em> about statistics. It is about human life.

Massachusetts was soon to reach the turning point in its previously unchecked highroad of persecution.

The Austrian School's core theoretical doctrines apply to everyday, pedestrian, ordinary economic problems.

What the government should do about the bust that follows the boom is maintain a strict hands-off policy.

Delivered at the Mises Institute on 21 June 2012.

All goods without exception — indeed according to the very conception of them as "good" — possess a certain relation to human well-being.

It is hard to escape the conviction that Say's law has stirred up a series of storms only because of its obvious political implications and consequences.

What distinguishes the working of material <i>goods</i> from the working of other kinds of natural <i>things</i> is that the results are directed toward the advantage of man.