History of the Austrian School of Economics

This book has been several years in the making. Originally we envisioned it as a collection of letters and unpublished monographs from the Rothbard Papers at the Mises Institute.

Thatcher, Clinton, Obama, Trump—everyone gets called a neoliberal, which is why most free-market economists say the word means nothing. Tho Bishop argues it names something precise.

Murray Rothbard wasn't born an Austrian economist. Patrick Newman on how a Columbia-trained mainstream PhD became Mises's heir—in the hundredth year since Rothbard's birth.

The Policy and History faculty panel takes student questions on the state of the movement and the prospects for freedom.

The Theory and Method faculty panel takes questions from Mises University students.

Tate Fegley uses Joseph Salerno's work to draw out the fundamental differences between Mises and Hayek arguing that treating the two as interchangeable obscures the distinctly Misesian paradigm.

A book so dangerous it couldn't be printed: it passed hand to hand in manuscript for twenty-five years. Mark Thornton on the underground text that founded modern economics.

A game show finalist looked at a rigged final round and told his opponent, "I'm going to steal—and then split it with you." He didn't play the game. He changed it. Lucas Engelhardt on entrepreneurs and game theory.

Two of the best American Austrians feuded over a book review, trained no successors, and their school quietly died out. Paul Cwik and Shawn Ritenour on the Austrians you may not know, and the ones we almost lost.

Why is water nearly free while diamonds cost millions, when you'd die in three days without one and never miss the other? In 1871, Carl Menger finally solved it.