Handre van Heerden

  Seventeen thousand years ago, deep inside a cave in what is now the Dordogne, someone lifts a shallow stone lamp filled with melted animal fat and touches a flame to the wick. Light spills across the rock. The painter starts to work, and the bulls and horses of Lascaux begin to appear on the […]

Hayek, the knowledge problem, and the question no central planner can answer Cambridge. Early 1930s. A Keynesian economist leans across the table and asks Friedrich Hayek a question he clearly considers decisive. “Is it your view that if I went out tomorrow and bought a new overcoat, that would increase unemployment?” Hayek pauses. The question […]

The following series of articles presents the Austrian School of economics, 1000 words at a time. Nine economists. Twenty-seven articles. One coherent tradition that the establishment has been trying to ignore for 150 years. They were right. The unpaid seminar that built a movement: Mises at NYU. (Article 7b) New York City. Fall, 1950. The course […]

The following series of articles presents the Austrian School of economics, 1000 words at a time. Nine economists. Twenty-seven articles. One coherent tradition that the establishment has been trying to ignore for 150 years. They were right. Human Action, the most ambitious work in the history of economics. Article 7/27 Geneva. 1940. Ludwig von Mises hands […]

  The following series of articles presents the Austrian School of economics, 1000 words at a time. Nine economists. Twenty-seven articles. One coherent tradition that the establishment has been trying to ignore for 150 years. They were right. Article 6/27 Vienna. 1919. The Austro-Hungarian Empire has just collapsed. The war has been lost. The old order […]