austrian economics

The collectivism virus need not destroy us, if we immunize ourselves with the philosophy of liberty and market liberalism.

The Austrian School of Economics has been one of the most original and insightful approaches to economic understanding over the last century and a half.

Fifty years ago, in 1968, Austrian (and Austrian school) economist Friedrich A. Hayek published a monograph called The Confusion of Language in Political Thought.

One day in 1927 Austrian economist, Ludwig von Mises, stood at the window of his office at the Vienna Chamber of Commerce, and said “Maybe grass will grow there, because our civilization will end.”

Austrian school economist Edmund Contoski has written a welcome addition to his 2012 explanation of the inevitable consequences of forcing fiat money on society.

Mises’s ‘Human Action’ is considered brilliant, teaching the deepest truths about economic science to enlist the public in the defense of a free society. But Murphy distills its length and depth to eliminate the intimidation to many readers.

Almost everyone outside the world of the Austrian School of Economics unquestionably assumes that the regulation of so-called “natural monopoly utilities” is both fair and necessary as well as efficient and effective. This is — to borrow a buzz word from the Left — “unsustainable,” in both theory and practice.