Austrian School

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 […]

Chapters: 0:00 – The First Family of Austrian Economics 1:24 – What Carl Menger Actually Revolutionized 3:44 – The Secret Second Edition 5:49 – The Brother Who Argued Back 7:44 – Teaching the Crown Prince 9:11 – Hermine Andermann: The Mother of Austrian Economics 11:34 – Karl Menger Jr.: A Name to Live Up To […]

Chapters: 0:00 – The Greatest Survival Story in Intellectual History 1:33 – Mises’s Private Seminar and the Anschluss 5:03 – Exile in America: Building a Side Door 13:34 – Chicago vs. Austrian: Logic vs. Data 15:49 – Argentina, the Internet, and Milei’s Rise 18:17 – Will Austrian Ideas Return to Europe?

Chapters: 0:00 – Introduction: Vienna’s Battle of Ideas 2:14 – The Habsburg Empire: Chaos as a Laboratory 5:08 – The Limits of Central Planning: When Data Fails 16:46 – Catholic Philosophy and the Roots of Individual Action 18:28 – From Empire to Exile: Crisis, Hyperinflation, and the Anschluss 21:25 – Liechtenstein: Austrian Economics in Practice […]