History of the Austrian School of Economics

"In order to succeed, human action must comply not only with what are called the laws of nature, but also with specific laws of human action."

If you wish to get a better understanding of economics, don't follow the mainstream. Instead, read Thomas DiLorenzo's new book.

What is taught under the label of economics at universities nowadays is practically a denial of economics.

Economic calculation requires a monetary system that is not sabotaged by government interference.

Praxeology and economics have a definite place in the evolution of human history and in the process of scientific research.

Names like Menger, Böhm-Bawerk, Wieser, Hayek, and Rothbard are well-known to adherents of the Austrian school of economics. Emil Kauder isn't one of those names, but Murray Rothbard brings his contributions to Austrian thinking to light.

Names like Menger, Böhm-Bawerk, Wieser, Hayek, and Rothbard are well-known to adherents of the Austrian school of economics. Emil Kauder isn't one of those names, but Murray Rothbard brings his contributions to Austrian thinking to light.

Man gives to other men in order to receive from them. Mutuality emerges. Man serves in order to be served.

Many think cancel culture is an odd particularity of the Anglosphere. Unfortunately, it raised its ugly head at this year's Austrian Economics Meeting Europe held in Lithuania.

In Human Action, Mises had shown that economic analysis leads directly to laissez faire conclusions. He demonstrated that government intervention entails consequences that are unwanted even from the point of view of the champions of these interventions.