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[ Originally published October 2006. ] While it was the reading of Menger’s path-breaking book, Principles of Economics , by Mises’s own account that turned him into an economist,  it was his attendance at Böhm-Bawerk’s legendary seminar at the University of Vienna that awakened Mises’s creative genius and gave direction to his life-long research

Praxeology and War The Meaning of Imperialist War War Making and Class Conflict Democracy and Imperialist War Making Severing The Sinews of Imperialist War Conclusion Notes [This is a revised version of a talk given October 28th at this year’s Mises Institute Supporter’s Summit, “Imperialism: Enemy of Freedom.” The original talk, “Taxation,

Introduction Normativity Methodology Conspiracy References Notes [This review essay of Radicals for Capitalism: A Freewheeling History of the Modern American Libertarian Movement by Brian Doherty will appear in an upcoming issue of The Quarterly Journal of Austrian Economics . Subscribe today .] The outstanding merit of Brian Doherty’s book is

[This article is based on Professor Salerno’s introductory remarks for the seminar “Fundamentals of Economic Analysis: A Causal-Realist Approach,” with Peter G. Klein . This introduction can be viewed in online video below. The entire series is available in the store as a DVD boxed set  or CD .] Let me say a few words about the title of the course

Friedrich A. Hayek was barely out of his twenties in 1929 when he published the German versions of the first two works in this collection, Monetary Theory and the Trade Cycle and “The Paradox of Saving.” The latter article was a long essay that was to become the core of his celebrated book and the third work in this volume, Prices and Production ,

Long out of print, The Mystery of Banking is perhaps the least appreciated work among Murray Rothbard’s prodigious body of output. This is a shame because it is a model of how to apply sound economic theory, dispassionately and objectively, to the origins and development of real-world institutions and to assess their consequences. It is

[Introduction to the Second Edition of Man, Economy, and State with Power and Market ]   Murray Rothbard began work on this magnum opus on January 1, 1952. [1] On May 5, 1959 Rothbard wrote to his mentor, Ludwig von Mises, informing him, “È finito!” [2] The more-than-seven years that it took Rothbard to complete Man, Economy, and State elapsed

[Introduction to the Third Edition of A Tiger by the Tail by F.A Hayek. An MP3 audio version of this article, read by Floy Lilley, is available for free download .]   The small book you are holding in your hands is unique. It is perhaps the finest introduction to the thought of a major thinker ever published in the discipline of economics. What

Notes from the Mises Institute Summer Fellowship Program 2009 Left to Right: Joe Salerno, Josh McCabe, Dave Howden, Edward Perry The Summer Fellowship Program has grown by leaps and bounds since its founding by Professor Guido Hülsmann in 2000. This year the program includes eighteen young men and women from the United States, Canada, Germany,

“The Depression was the first time in the history of the U.S. that wages did not fall during a period of significant deflation.”  –UCLA economist Lee E. Ohanian In America’s Great Depression , originally published in 1963, Murray Rothbard argued that the recession-adjustment that began in 1929 was greatly worsened and turned into a full-blown