Austrian School

  I set out to become the greatest lover in Vienna, the greatest horseman in Austria, and the greatest economist in the world. Alas, for the illusions of youth: as a horseman, I was never really first-rate. Joseph A. Schumpeter   Take Away Joseph A. Schumpeter is considered one of the most influential social scholars […]

Just off the press: A brand new ecaef.org book presented by H.S.H. Prince Philipp of Liechtenstein at Pedro Schwartz’ 90th Birthday.   Indeed, economic analysis is woefully shortsighted when not grounded on a solid basis of liberal political philosophy. And conversely, political philosophy will be buffeted by the currents and crosswinds of mere fashion if […]

On the ‘useless preachings’ of a great liberal thinker. by Raffaele De Mucci (LUISS)   The purpose of this contribution is theoretical rather than historiographical. It aims to offer a reconstruction of some key aspects of Luigi Einaudi’s liberal thought, particularly those that are most relevant to understand Einaudi’s positioning regarding the “great divide” between […]

    The theory of economic equilibrium is Walras’ claim to immortality, that great theory whose crystal-clear train of thought has illuminated the structure of purely economic relationships with the light of one fundamental principle. Joseph A. Schumpeter It is only the passionate pro-socialist zeal of mathematical pseudo-economists that transforms a purely analytical tool of […]