Austrian School of Economics

About this Collection

The Austrian School of Economics emerged after the publication in 1871 of a trilogy of works (by Jevons, Walras, and Menger) which introduced the idea of the subjective theory of value and began what has been called “the marginal revolution” in economic thought. Leading theorists in the 20th century were Ludwig von Mises, Friedrich Hayek, Murray Rothbard, and Israel Kirzner.

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An Introduction to the Major Writings of Ludwig von Mises

Ludwig von Mises (1881-1973)

The Austrian economist Ludwig von Mises (1881-1973) wrote widely on matters such as highly technical works on monetary theory as well as journalistic pieces designed for a broader audience. Here is an…

LIBERTY MATTERS

Perspectives on Mises' Socialism After 100 Years (August 2022)

Virgil Henry Storr (contributor)

In 1922 Ludwig von Mises published his third book,Die Gemeinwirtschaft:Untersuchungen über den Sozialismus, translated into English in 1936 under the titleSocialism. The LibertyClassics edition was published in 1981....

LIBERTY MATTERS

Perspectives on Mises' Socialism After 100 Years (August 2022)

By: Virgil Henry Storr, Alberto Mingardi, Yana Chernyak, and Clemens Schneider

In 1922 Ludwig von Mises published his third book,Die Gemeinwirtschaft:Untersuchungen über den Sozialismus, translated into English in 1936 under the titleSocialism. The LibertyClassics edition was published in 1981. It seems fitting…

Quotes

Economics

Israel Kirzner on the Individual and the Market

Israel M. Kirzner

Economics

Kirzner defines economics as the reconciliation of conflicting ends given the existence of inescapable scarcity (1960)

Israel M. Kirzner

Presidents, Kings, Tyrants, & Despots

Leonard Read on Ludwig von Mises as the economic dictator of the U.S. (1971)

Leonard E. Read

Economics

Ludwig Lachmann and the free market as a leveling process in the distribution of wealth (1956)

Ludwig M. Lachmann

Socialism & Interventionism

Ludwig von Mises argues that monopolies are the direct result of government intervention and not the product of any inherent tendency within the capitalist system (1949)

Ludwig von Mises

Money & Banking

Ludwig von Mises argues that sound money is an instrument for the protection of civil liberties and a means of limiting government power (1912)

Ludwig von Mises

Economics

Ludwig von Mises argues that the division of labor and human cooperation are the two sides of the same coin and are not antagonistic to each other (1949)

Ludwig von Mises

Money & Banking

Ludwig von Mises identifies the source of the disruption of the world monetary order as the failed policies of governments and their central banks (1934)

Ludwig von Mises

War & Peace

Ludwig von Mises laments the passing of the Age of Limited Warfare and the coming of Mass Destruction in the Age of Statism and Conquest (1949)

Ludwig von Mises

Money & Banking

Ludwig von Mises lays out five fundamental truths of monetary expansion (1949)

Ludwig von Mises

Socialism & Interventionism

Ludwig von Mises on the impossibility of rational economic planning under Socialism (1922)

Ludwig von Mises

Money & Banking

Ludwig von Mises shows the inevitability of economic slumps after a period of credit expansion (1951)

Ludwig von Mises

Socialism & Interventionism

Mises and the Emergence of Etatism in Germany (1944)

Ludwig von Mises

Socialism & Interventionism

Mises on “interventionism” as a third way between the free market and socialism (1930)

Ludwig von Mises

Money & Banking

Mises on classical liberalism and the gold standard (1928)

Ludwig von Mises

War & Peace

Mises on cosmopolitan cooperation and peace (1927)

Ludwig von Mises

Socialism & Interventionism

Mises on how price controls lead to socialism (1944)

Ludwig von Mises

Free Trade

Mises on how the “boon” of a tariff privilege is soon dissipated (1949)

Ludwig von Mises

Sport and Liberty

Mises on human action, football, and predicting the future (1966)

Ludwig von Mises

Liberty

Mises on liberalism and the battle of ideas (1927)

Ludwig von Mises

Economics

Mises on the consumer as the “captain” of the economic ship (1944)

Ludwig von Mises

Money & Banking

Mises on the gold standard as the symbol of international peace and prosperity (1949)

Ludwig von Mises

Economics

Mises on the interconnection between economic and political freedom (1949)

Ludwig von Mises

Taxation

Mises on the public sector as “tax eaters” who “feast” on the assets of the ordinary tax payer (1953)

Ludwig von Mises

Money & Banking

Mises on the State Theory of Money (1912)

Ludwig von Mises

The State

Mises on the worship of the state or statolatry (1944)

Ludwig von Mises

Colonies, Slavery & Abolition

Mises on wealth creation and stopping the spirit of predatory militarism (1949)

Ludwig von Mises

Socialism & Interventionism

Mises states that it is the division of labor which makes man truly “social” or “communal” (1922)

Ludwig von Mises

Money & Banking

The 11th Day of Christmas: Mises on the gold standard and peace on earth (1934)

Ludwig von Mises

Notes About This Collection

For more information see: