Praxeology

In a free market, it is wholly unwarranted. Brad Edmonds considers three cases.

Despite the many illustrious forerunners in its six-hundred year prehistory, Carl Menger (1840-1921) was the true and sole founder of the Austrian school of economics proper. He merits this title if for no other reason than that he created the system of value and price theory that constitutes the core of Austrian economic theory. But Menger did more than this: he also originated and consistently applied the correct, praxeological method for pursuing theoretical research in economics. Thus in its method and core theory, Austrian economics always was and will forever remain Mengerian economics.

Several new papers on Mises exhibit fundamental misunderstandings of key points of Mises's  epistemology, starting with a paper by experimental economist Vernon Smith.

How statism pollutes our language in ways we don't always recognize. This is Walter Block's third essay in a great series on this topic.  

Reich, Gore, and McCain warn that keeping more wealth in private hands would threaten prosperity. This claim is absurd. 

In a display of amazing ignorance or brazen political grandstanding, he strode up to a gas station and berated the owner for charging too high a price.

Higher prices have unleashed a torrent of economic fallacy, from boycotts on gas stations to agitations for price controls. Paul Cwik responds.

Peace and market exchange are inseparable. 

Röpke's censored treatise foreshadowed Human Action.

Mises University is the world’s leading instructional program in the Austrian school of economics.