The Great Austrian Economists

The Great Austrian Economists

Edited By:

Randall G. Holcombe

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Summary

The Austrian tradition began formally with Carl Menger's 1871 work, Principles of Economics. But its roots stretch back to the late-Scholastic period, when philosophers first began to think systematically about the relationship between human choice and material resources.

This collection presents ideas from the full sweep of this intellectual history, highlighting 15 thinkers who made the greatest contribution to advancing the Austrian School of economics. These original essays are written by top Austrians who explain the Austrian view of property, markets, prices, competition, entrepreneurship, business cycles, and government policy.

Contributors include Murray Rothbard, Israel Kirzner, Joseph Salerno, Hans Hoppe, Jeffrey Herbener, Peter Klein, Mark Thornton, Jesús Huerta de Soto, Larry Sechrest, John Egger, Roger Garrison, Shawn Ritenour, Thomas DiLorenzo, and Jeffrey Tucker.

Economists covered are de Mariana, Cantillon, Turgot, Say, Bastiat, Menger, Wicksteed, Böhm-Bawerk, Fetter, Mises, Hazlitt, Hayek, Hutt, Röpke, and Rothbard

This book has been such a successful introductory text that it is the primary required reading for students attending the Mises University. It provides an opportunity to discover the main ideas of the Austrian School through the lives and works of its primary expositors.

This book was formerly published under the title of 15 Great Austrian Economists.

Summary courtesy of the Ludwig von Mises Institute. The Mises Institute is the premier organization in support of the free market, peace and prosperity. They provide free educational material, books audio books, lectures and courses that free your mind. This site would not exist were it not for the generosity, hard work and dedication of the Mises Institute, its employees, fellows and its benefactors. Books of Liberty is eternally grateful to all of their work and efforts. Please consider supporting the Mises Institute in any way you can.

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Economics

The economics category, as expected, is very well represented within the pages of this site. Of all the economics books, around half are explicitly Austrian Economics texts, and (with a significant overlap) around half discuss monetary theory. You may search specifically for economic treatises or books about economists; you will find historical or theoretical accounts of financial crises; you will stumble upon recent books on crypto-currencies (like bitcoin), books covering topics like income or wealth inequality, as well as more technical subjects like price theory, monopoly, division of labor, public choice theory and others. Additionally, critiques of Keynesian economics are to be found throughout the books in this category.

Of the Austrian Economics books, the largest portion discuss The Austrian Business Cycle and praxeology or human action, but you will find many covering to one degree or another topics like time preference, capital and interest, subjective value, and economic calculation, to name a few.

And for those interested in currency or money, whether sound money or fiat money, you will find books arguing the benefits of the gold standard, debates on inflation and deflation, banking, central banks and the Federal Reserve specifically.

At the heart of the free market system of unregulated, voluntary trade stands capitalism and its emphasis on private property. Unsurprisingly, a large collection of books are available on this subject, many of which outline quite clearly the fundamentals and the outcomes of capitalism, especially in contrast to other economic systems like socialism. Additional related topics, such as free trade, decentralization, risk, uncertainty, and the market process can be found in such books.

A note from the curator: Liberty Classroom provides courses like: Austrian Economics Step by Step, two courses on the History of Economic Thought, and What’s Wrong with Textbook Economics, to name a few. With courses like these, how can you not become a fan of Liberty Classroom? I know I am.

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A note from the curator: With a variety of literature homeschool courses the Ron Paul Curriculum homeschool program does not disappoint. Western Literature, American Literature and Classic Autobiographies are covered in the high school years. My experience of literature in public school was horrendous and I wish I had the curriculum and approach provided by Ron Paul’s program instead. Books of Liberty gets advertising fees for those who purchase through our links.


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