famous austrians

On a few of F. A. v. Hayek’s activities prior, during and after WWII. Based on my conversations with F.A. von Hayek (1969-1991 and research in the Hoover Institution’s Archives (HIA), this short essay touches upon just a few of von Hayek’s many efforts to fight Nazism and to revive the tradition of the Austrian […]

  There is no art which one government sooner learns of another than that of draining money from the pockets of the people. Adam Smith Today Adam Smith’s reputation rests on his explanation of how rational self-interest in a free-market economy leads to economic well-being. It may surprise those who would discount Smith as an […]

It is 2023, and lest we forget one of the most seminal minds of our times, we should briefly recall the important life and work of James McGill Buchanan who died 10 years ago on January 9, 2013. Buchanan belonged to that long past generation of American social scientists whose extensive work arose from the […]

  Socialism has been a great tragedy this century… It turns out, of course, that Mises was right”. Robert Heibronner (September 1990)[1]   Die Tatsache, dass es doch bis 1922 dauern musste, bis die Unmöglichkeit der Wirtschaftsrechnung im und das unvermeidliche Versagen des Sozialismus durch Ludwig von Mises‘ zweifelsfrei bewiesen wurde, wirft kein gutes Licht […]