Austrian Economics

Which Is More Valuable: Deodorant or Apple’s New iPhone 6s?

When we don’t understand the subjective nature of value, we think we can improve outcomes through government manipulation.

- October 15, 2015

Mises in the Digital Age

The driving force of the market is not material; it is a product of the individual human mind.

- September 29, 2015

Are Prisoners Who Make Low Wages Being Exploited?

The normal logic of win-win market exchanges between employer and employee may not apply in prison.

- September 24, 2015

Silliness as a Discovery Process

When you are invited to engage in some silliness, say yes, and add something of your own. It might take you into the intricacies of the early modern literary/theological/political network. It might take you into space. It might take you into Camelot. The value of it, as Hayek points out, is that we don’t know where it will take us.

- September 23, 2015

Missionary for Free Markets

“Truth,” he said, “is not a numbers game. You can be alone and you can be right.”

- September 04, 2015

Want to Study Economics?

To learn the economic way of thinking — or any discipline — find a scholar, not just a teacher.

- September 03, 2015

The Birth of Leonard Read’s “I, Pencil”

Just how did Leonard Read come to write his essay? And what lies behind it?

- September 01, 2015

The War over Hayek’s Intellectual Legacy: A Response to John Gray

The picture John Gray paints misrepresents F.A. Hayek’s legacy, ignores his actual scholarship, and distorts reality. 

- August 24, 2015

Market Corrections Inspire Dangerous Political Panic

Stock market corrections are dangerous mostly because of politics, not economics.

- August 23, 2015

Hillary Clinton's Ideological Vortex of Power and Planning

Hillary’s campaign seems designed to prove that F.A. Hayek was a prophet.

- July 30, 2015

Marxism Unmasked: From Delusion to Destruction

The lectures by Ludwig von Mises contained in Marxism Unmasked were delivered at the San Francisco Public Library, June 23–July 3, 1952, under the sponsorship of The Freeman magazine. They were taken down, word for word, in shorthand and transcribed by Mrs. Bettina Bien Greaves.

- July 01, 2015

2015 Carl Menger Essay Contest Winners

Four excellent submissions have been honored by the judges of the Carl Menger Essay Contest.

- June 30, 2015

Those Who Shape Us, the Lives We Touch

Earlier this month, my 67-year-old sister, Ginger, died peacefully after a long illness. Her human action changed my life.

- June 25, 2015

Behavioral Econ and Imperfection: A Bad Case for Government Control

It's true that people aren't as perfectly rational as models assume — but that doesn't inherently justify state intervention.

- June 08, 2015

FEE and the Clemson Institute for the Study of Capitalism Kick Off Seminar Season

Dozens of students from around the world learned why capitalism is the optimal system for individual and social flourishing.

- June 04, 2015

Carl Menger and the Austrian School of Economics

 The work of Carl Menger and his friends has become the foundation of the entire modern science of economics.

- June 03, 2015

On Writing (Liberty) Well: William Zinsser on F.A. Hayek

We think of Hayek as a great economist, philosopher of liberty, and scholar of classical liberalism, but his greatest impact was as a writer. 

- May 20, 2015

Ask a Professor: Disciplines vs. Ideology

Higher education should be about challenging your beliefs and mastering an area (and a means) of study.

- May 04, 2015

The Other Half of the Inflation Story

Credit expansion is like someone making too many of some puzzle pieces and too few of others, and then trying to force them all together.

- April 30, 2015

Mises: The Original Freakonomist

Economics is not confined to the "commercial" side of life;  it is the science of every kind of human action.

- April 23, 2015

Is the "Austrian School" a Lie?

Are "Austrian" economists really part of the tradition of Menger and Mises?

An Austrian Economist in France Speaks Out

Most people in France believe market deficiencies cause crises like those of 2008. But people like Pascal Salin are providing an antidote in Austrian business cycle theory.

- April 20, 2015

Competition in the Marketplace of Libertarian Ideas

There is no better example of voluntary, peaceful cooperation than what I saw at ISFLC.

- February 19, 2015

Down and Out in the Middle-Class Economy

The president’s claims notwithstanding, we are living in the worst period in the 50 years of our federally managed economy. 

- February 09, 2015

Ronald Reagan's Free-Market Mentors

Have you ever gone back and revisited or recalled the books or mentors who shaped your political or philosophical thinking?

- February 02, 2015

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