The Mises University Reader

Despite the many illustrious forerunners in its six-hundred-year prehistory, Carl Menger was the true and sole founder of the Austrian School of ec

The praxeological method was the basic method of the earlier Austrian school and also of a considerable segment of the older classical school.

The starting point for the development of all economic theory is “human action is purposeful behavior.” The following reading is chapter 4 from An Introduction to Austrian Economics by Thomas C. Taylor.

The starting point for the development of all economic theory is “human action is purposeful behavior.”

First published in the December 1958 issue of The Freeman, "I, Pencil: My Family Tree as Told to Leonard E. Read" is written from the point of view of an Eberhard Faber pencil.

The following reading is chapter 2 of What Has Government Done to Our Money? by Murray Rothbard.

Busting monetary myths was easy once we grasped the fundamentals, like the origin of money, the value of money, the optimal supply of money, etc. Rothbard does the same in this reading from The Case Against the Fed.

Busting monetary myths was easy once we grasped the fundamentals, like the origin of money, the value of money, the optimal supply of money, etc. Rothbard does the same in this reading from The Case Against the Fed.

Busting monetary myths was easy once we grasped the fundamentals, like the origin of money, the value of money, the optimal supply of money, etc. Rothbard does the same in this reading from The Case Against the Fed.

The following reading is a selection from Human Action, Chapter XV, “The Market,” by Ludwig von Mises.

The following reading is selected from Principles of Economics, chapter I, “The General Theory of the Good,” by Carl Menger.

The following reading is selected from Principles of Economics, chapter I, “The General Theory of the Good,” by Carl Menger.

The following reading is a selection from Human Action, Chapter XIX, “The Rate of Interest,” by Ludwig von Mises.

One of the most controversial areas in Austrian economics, and one where even long-established Austrian theorists differ sharply, is monopoly theory.

In the following reading from Socialism, Mises explains how money prices are critical for an economy to be an economy, i.e., a system in which production and consumption are economized. Mises concludes, “Socialism is the renunciation of rational economy.”

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