Austrian School
The Austrian School is a school of economic thought that is based on methodological individualism. It originated in late-19th and early-20th century Vienna with the work of Carl Menger, Eugen von Böh...
Austrian School - Wikipedia
If Sweden and Germany Became US States, They Would be Among the Poorest States
The battle over the assumed success of European socialism continues. Many European countries like Sweden have gained a reputation as being very wealthy in spite of their highly regulated and taxed eco...
Eugen Böhm von Bawerk
Eugen Böhm Ritter von Bawerk ([bøːm ˈbaːvɛʁk]; born Eugen Böhm; 12 February 1851 – 27 August 1914) was an Austrian economist who made important contributions to the development of the Austrian School ...
Eugen Böhm von Bawerk - Wikipedia
Friedrich Hayek
Friedrich Hayek CH ([ˈfʁiːdʁɪç ˈaʊ̯ɡʊst ˈhaɪ̯ɛk]; 8 May 1899 – 23 March 1992), born in Austria-Hungary as Friedrich August von Hayek and frequently referred to as F. A. Hayek, was an Au...
Carl Menger
Carl Menger ([ˈmɛŋɐ]; February 23, 1840 – February 26, 1921) was the founder of the Austrian School of economics. Menger contributed to the development of the theory of marginalism, (marginal utility)...
Carl Menger - Wikipedia
Ludwig von Mises
Ludwig Heinrich Edler von Mises ([ˈluːtvɪç fɔn ˈmiːzəs]; 29 September 1881 – 10 October 1973) was a philosopher, Austrian School economist, sociologist, and classical liberal. He became a prominent fi...
Ludwig von Mises - Wikipedia
Friedrich von Wieser
Friedrich Freiherr von Wieser ([ˈviːzɐ]; July 10, 1851 – July 22, 1926) was an early (so-called "first generation") economist of the Austrian School of economics. Born in Vienna, the son of Privy Coun...
Friedrich von Wieser - Wikipedia
Capital and Interest
Capital and Interest (German: Kapital und Kapitalzins) is a three-volume work on finance published by Austrian economist Eugen Böhm von Bawerk (1851–1914).The first two volumes were published in t...
Human Action
Human Action: A Treatise on Economics is a work by the Austrian economist and philosopher Ludwig von Mises. Widely considered Mises' magnum opus, it presents the case for laissez-faire capitalism base...
Human Action - Wikipedia
Individualism and Economic Order
Individualism and Economic Order is a book written by Friedrich Hayek (recipient of the Nobel Memorial Prize in Economic Sciences in 1974). It is a collection of essays originally published between th...
Individualism and Economic Order - Wikipedia
Man, Economy, and State
Man, Economy, and State: A Treatise on Economic Principles, first published in 1962, is a book on economics by Murray Rothbard.When originally published in 1962, the final eight chapters were removed ...
Man, Economy, and State - Wikipedia
Austrian business cycle theory
The Austrian business cycle theory (ABCT) is an economic theory developed by the Austrian School of economics about how business cycles occur. The theory views business cycles as the consequence of ex...
Catallactics
Catallactics is a theory of the way the free market system reaches exchange ratios and prices. It aims to analyse all actions based on monetary calculation and trace the formation of prices back to t...
Creative destruction
Creative destruction (German: schöpferische Zerstörung), sometimes known as Schumpeter's gale, is a term in economics which has since the 1950s become most readily identified with the Austrian America...
Creative destruction - Wikipedia
Economic calculation problem
The economic calculation problem is a criticism of using economic planning as a substitute for market-based allocation of the factors of production. It was first proposed by Ludwig von Mises in his 19...
Malinvestment
In Austrian business cycle theory, malinvestments are badly allocated business investments, due to artificially low cost of credit and an unsustainable increase in money supply. Central banks are ofte...
Marginalism
Marginalism is a theory of economics that attempts to explain the discrepancy in the value of goods and services by reference to their secondary, or marginal, utility. The reason why the price of diam...
Marginalism - Wikipedia
Methodological individualism
Methodological individualism is the requirement that causal accounts of social phenomena explain how they result from the motivations and actions of individual agents, at least in principle.
In ne...
Praxeology
Praxeology (Gr. πρᾶξις (praxis) ″action″, λόγος (logos) ″talk, speech″) is the deductive study of human action based on the notion that humans engage in purposeful behavior, as opposed to reflexive be...
Roundaboutness
Roundaboutness, or roundabout methods of production, is the process whereby capital goods are produced first and then, with the help of the capital goods, the desired consumer goods are produced.
...
Spontaneous order
Spontaneous order, also known as "self-organization", is the spontaneous emergence of order out of seeming chaos. It is a process found in physical, biological, and social networks, as well as economi...
Subjective theory of value
The subjective theory of value is a theory of value which advances the idea that the value of a good is not determined by any inherent property of the good, nor by the amount of labor required to prod...
Time preference
In economics, time preference (or time discounting, delay discounting, temporal discounting) is the relative valuation placed on a good at an earlier date compared with its valuation at a later date.T...
Cato Institute
The Cato Institute is an American libertarian think tank headquartered in Washington, D.C. It was founded as the Charles Koch Foundation in 1974 by Ed Crane, Murray Rothbard, and Charles Koch, chairma...
Cato Institute - Wikipedia
Foundation for Economic Education
The Foundation for Economic Education (FEE) is an American nonprofit educational organization which promotes the principles of laissez-faire economics, private property, and limited government. FEE sa...
Foundation for Economic Education - Wikipedia
George Mason University
George Mason University (also Mason) is the largest research university in Virginia and is based in Fairfax County, Virginia, United States, south of and adjacent to the city of Fairfax. Additional ca...
George Mason University - Wikipedia
Liberty Fund
Liberty Fund, Inc., is a nonprofit foundation headquartered in Indianapolis, Indiana, USA which promulgates the libertarian views of its founder through publishing, conferences, and educational resour...
Ludwig von Mises Institute
The Ludwig von Mises Institute (LvMI), often referred to as the Mises Institute, is a tax-exempt libertarian organization located in Auburn, Alabama, United States. It is named for Austrian School ec...
Ludwig von Mises Institute - Wikipedia