History of the Austrian School of Economics

In Austria, hardly any other economist has achieved the same kind of fame as Böhm-Bawerk.

A man would die of hunger who, having decided that money is real wealth, should carry out the idea to the end. 

A tribute from the 100th anniversary of his birth by Investors Business Daily. This audio Mises Daily is narrated by Steven Ng.

A tribute from the 100th anniversary of his birth.

“Man is a social animal”: thus Aristotle’s famous dictum is often translated. Ludwig von Mises believed that man could not have acquired the ability to act had his forebears lived in complete isolation. And John Donne said, “No man is an island.”

Money was never seen so abundant in Rome. What was the result? All this money plunged the Romans into luxury and into all sorts of crimes to pay for it.

Human Action is not just about epistemology, economic history, and philosophy.

Hume concluded his penetrating analysis with an ultra-hard-money policy proposal — 100 percent specie-reserve banking.

It has become a popular trick among people who are unprepared to grapple with Austrian economics to try to short-circuit the debate.

Menger went on to accomplish a radical break with tradition: a thoroughly individualistic view of humanity and of the world.