famous austrians

  “She is a very competent theoretical economist and also very good in applied economics. She was working at the Austrian Institute for Trade Cycle Research under Dr. Morgenstern, and I know that he was very pleased with her work and would be willing to give her good recommendations”. Gerhard Tintner (1907-1983) Although relatively little […]

  Ein neues Kapitel für buchausgabe.de beginnt. In den 1990er-Jahren legte Michael Kastner das Fundament für das, was später als buchausgabe.de zu einem Pionierort für liberale Nischenliteratur werden sollte. Als er im März 2025 plötzlich starb, drohte diesem Herzensprojekt das Aus. Doch seine Frau Gabriele Weisselberg führt sein Lebenswerk nun mit demselben Engagement weiter – […]

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 […]