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The "Austrian School" of Economics


The Ludwig von Mises Institute

The Ludwig von Mises Institute is a non-profit educational organization dedicated to the Austrian School of economics. In the tradition of Ludwig von Mises (1881-1973) and Murray N. Rothbard (1926-1995), the Institute also defends private property, free markets, hard money, and less government. Browse the Austrian Study Guide here. You might also want to check out The Quarterly Journal of Austrian Economics.

Austrian Economics at the New School

The Vienna School receives admirable and illuminating explication in a most unlikely quarter at the New School University (aka New School for Social Research) founded by Charles Beard et al. that in addition to Beard included such renegades and rogues as Harry Elmer Barnes, Thorstein Veblen, and Harold Lasky among its distinguished faculty.

On the Origins of Money

In this seminal monograph, Carl Menger, the father of the "Austrian" school, presents the case that money is not the product of design.

Articles by Eugen Bohm-Bawerk

Included are Capital and Interest, The Ultimate Standard of Value, and Austrian Economists. Bohm-Bawerk carried on from Carl Menger in developing "Austrian" theory.

Articles by Friedrich Wieser

Included are The Austrian School and the Theory of Value, The Theory of Value, and Natural Value. Wieser was the brother of Bohm-Bawerk and also contributed to "Austrian" theory.

History of Economic Thought: Schools of Thought

All of the major schools are well-represented at this site, hosted by The New School. Created as a collaborative project by two graduate students, Goncalo L. Fonseca (John Hopkins University) and Leanne Ussher (New School University). The Austrian School is covered here.

Friedrich Hayek (1899-1992)

Peter J. Boettke wrote this for The Freeman following the death of von Hayek in 1992. Hayek had been considered of the "Austrian" school, though, his interests tended to be wide-ranging.

The Scholar of Freedom: Hayek's Road Comes to an End

Another In Memoriam, this time by Julian Simon, who claims that the theory of John Maynard Keynes had been supplanted by that of his "rival," von Hayek as the guide to public policy in the latter part of this century.

The Friedrich Hayek Scholars Page

A mass of material on the internet about Hayek and his publications can be reached from this site.

Pat Gunning's Praxeological Economics Home Page

This page gives students of praxeological economics, or subjectivist economics, access to a set of papers on the meaning of the subject, to [Gunning's] working papers, to other unpublished works, and to quotations from neglected economists..."