Austrian School

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 […]