Austrian School

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 5/27   Vienna. March 1938. The Gestapo enter Ludwig von Mises’s apartment the day German forces march into […]

  Zur 127. Wiederkehr seines Geburtstages am 8. Mai   “Before we explain why people commit mistakes, we must first explain why they should ever be right.” F.A. von Hayek I Weit mehr als die anderen sozialwissenschaftlichen Disziplinen scheint insbesondere die Nationalökonomie der periodischen Wiederholung längst widerlegter Thesen und den modischen Begriffen des jeweils herrschenden […]

  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. Böhm-Bawerk vs. Hilferding. Article 4/27 Vienna. 1905. Rudolf Hilferding takes his seat in Böhm-Bawerk’s seminar at the University […]

  Memorizing a great Austrian scholar after 100 years.     “The value of goods is derived from the value of wants.” Friedrich von Wieser   TAKE AWAY Friedrich von Wieser taught at the universities of Vienna and Prague and succeeded Carl Menger at the University of Vienna in 1903. Together with his brother-in-law Eugen […]

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 3/27 Bohm-Bawerk connects time preference and interest rates. Vienna. 1904. The Austrian army wants more money. The […]