History of the Austrian School of Economics

Recorded at Mises University 2001.

Recorded at Mises University 2005.

Recorded at Mises University 2005

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Thanks to the life and work of Ludwig von Mises, we can realistically hope and expect that mankind will choose the path of life, liberty, and progress.

A collection of tributes to Ludwig von Mises.

A tribute to Ludwig von Mises written by Murray N. Rothbard. This article appeared in the Libertarian Review, April 1978, pp. 37–38.

There were reasons for the decline of the Austrian School before its revival and rebirth by Mises and Rothbard. There was an Israel Kirzner view in the 1970s that the Keynesian avalanche had buried Austrian economics in 1936. Then there is a big bang theory of its rebirth in 1974 due to the South Royalton meeting and Hayek receiving the Nobel Prize.

Where the classical economists had gone wrong was to speak of goods as if they were abstract classes. The Austrians noted that their value theory did not talk about concrete units and could not explain how individuals valued goods.

What inspires us about the life of Mises, writes Lew Rockwell, is not his victimhood but his triumph over evil.