Austrian economics

  “Conservative liberalism” is a hybrid political tendency that seeks to construct a balanced synthesis between liberty and tradition, market and state, individualism and social convention. Although liberals and conservatives have often formed tactical alliances in the domain of public policy, at the level of theoretical foundations, they are generally understood as two divergent intellectual […]

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 […]

1. What is productivity according to the Austrian School of Economics? The Austrian School of Economics views productivity as the successful alignment of subjective consumer demands with efficient, time-structured production. It rejects aggregate statistical averages, emphasizing instead that true productivity arises from entrepreneurial innovation, capital investment, and time preference (the decision to save rather than […]

What if the best education for poor children isn’t provided by the state? James Tooley presents compelling evidence that low-cost private schools can outperform public education while remaining affordable for low-income families.

In this exclusive interview with Malte Fischer (Neue Zürcher Zeitung), Prof. Philipp Bagus explores how Javier Milei brought the ideas of the Austrian School to the center of global political debate. What lasting effects could these policies have on Argentina’s future?