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Mises, Menger and Rothbard (pics courtesy of the Ludwig von Mises Institute)
"The aim of all struggles for liberty is to keep in bounds the armed defenders of peace, the governors and their constables. The political concept of the individual's freedom means: freedom from arbitrary action on the part of the police power."
- Ludwig von Mises

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Defenders of Liberty
European Age of Enlightenment
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"Austrian School" Economists

Ludwig von Mises (1881-1973)
"Progress is precisely that which the rules and regulations did not foresee."
  • The Ludwig von Mises Institute
    ...is the research and educational center of classical liberalism, libertarian political theory, and the Austrian School of economics. Working in the intellectual tradition of Ludwig von Mises(1881-1973) and Murray N. Rothbard (1926-1995), with a vast array of publications, programs, and fellowships, the Mises Institute seeks a radical shift in the intellectual climate as the foundation for a renewal of the free and prosperous commonwealth.

  • The Mises Review
    from The Ludwig von Mises Institute

  • The European Ludwig von Mises Institute Homepage
    The LVMI Europe wants to advance a vision of a society of free and responsible individuals, based upon private property rights, limited government under the rule of law and the market order.

  • Freedom's Nest Ludwig von Mises Quotes

Writings regarding Ludwig von Mises
  • The Heart of a Fighter
    - Llewellyn H. Rockwell, Jr., April 22, 2005 [Mises]

  • Ludwig von Mises: 1881-1973
    This obituary appeared in "Human Events," October 20, 1973, p. 7, and is reprinted here in honor of the 20th anniversary of the Mises Institute, which will be celebrated October 18-19, 2002. - Murray N. Rothbard, October 15, 2002 [Mises]

  • Mises on the Vengeful State
    A state pursuing vegeance, he believed, threatens liberty itself. - Joseph R. Stromberg, April 19, 2002 [Mises]

  • Mises on Money [series]
    - Gary North, January 21-23, 2002 [LewRockwell.com]

  • Mises and Thucydides
    The famous calculation problem facing centrally planned economies, identified by Ludwig von Mises and his followers, and the famous tragedy of the commons hinted at early on by Thucydides and Aristotle and developed more fully by Garret Hardin, are, in effect, two sides of the same coin. - Tibor R. Machan, January 10, 2002 [Mises]

  • An Interview With Lew Rockwell
    "The Mises Institute was founded in 1982 because Misesian ideas needed a home and didn’t have one." - Marina Galisova for the Slovak Monthly OS, October 9, 2001

  • Revolt of the Misesians
    "What the Misesians have done in Guatemala is create an intellectual infrastructure that promotes a hard-core attachment to freedom among the business class, which dovetails very nicely with the working classes' instinctive opposition to taxes." - Llewellyn H. Rockwell, Jr., October 9, 2001 [Mises]

  • Ludwig von Mises - Common Sense on Drug Prohibition
    "Governments which are eager to keep up the outward appearance of freedom even when curtailing freedom disguise their direct interference with consumption under the cloak of interference with business." - posted on May 2, 2001 [FreeRepublic]

  • Markets and von Mises: In the Shadow of the Storm
    The last five years have mystified policy makers, hedge fund managers and central bankers alike. They do not pose such a mystery to followers of the Austrian theory of the Trade Cycle. - Sean Corrigan, May 31, 2000 [LewRockwell.com]

  • Mises and his Understanding of the Capitalist System
    - Israel M. Kirzner, Fall 1999 [CATO] (pdf)

  • Ludwig von Mises and the Case for Gold
    - George Selgin, Fall 1999 [CATO] (pdf)

  • Mises at the Millennium
    And yet he was more than right. He was courageous. He was determined. He never gave up. And generations in the next century and beyond will know his name and his work, even as the likes of Keynes and Marx will someday be synonymous with the folly perpetuated by their ideas. - Llewellyn H. Rockwell, Jr., March 1999 [The Free Market]

  • The Essential von Mises
    - Murray N. Rothbard [Libertarian Press]

  • Mises on the Family
    - Llewellyn H. Rockwell, Jr., June 1998 [Mises]

  • Mises on Time Preference, Interest, and the Evenly Rotating Economy
    - J. Patrick Gunning, December 12, 1997

  • Ludwig von Mises’s Legacy for Feminists
    - Wendy McElroy, September 1997 [Independent Institute]

  • The Meaning of the Mises Papers
    "The personal, political, and scholarly papers of Ludwig von Mises have been discovered in a formerly secret archive in Moscow." - Hans-Hermann Hoppe, April 1997 [Mises]

  • Mises Vindicated
    If Ludwig von Mises were alive today, he could say: "I told you so." For in 1920, he wrote a long article on socialism, followed by a book two years later, that crafted socialism's tombstone. - Llewellyn H. Rockwell, Jr., March 1990 [The Free Market]

Writings by Ludwig von Mises

Books by Ludwig von Mises

Friedrich A. Hayek (1899-1992)
"Perhaps the fact that we have seen millions voting themselves into complete dependence on a tyrant has made our generation understand that to choose one's government is not necessarily to secure freedom."

Writings regarding Friedrich A. Hayek

Writings by Friedrich A. Hayek

Books by Friedrich A. Hayek

Murray N. Rothbard (1926-1995)
"The necessary consequence of an egalitarian program is the decidedly inegalitarian creation of a ruthless power elite."

Writings regarding Murray N. Rothbard
  • Reminiscences of Murray
    - Doug French, April 8, 2005 [LewRockwell.com]

  • The Unstoppable Rothbard
    - January 7, 2005 [Mises]

  • Podhoretzes vs. Rothbard
    - Tom White, March 15, 2002 [LewRockwell.com]

  • The life and times of Murray N. Rothbard
    ...who showed why private individuals can do just about everything that needs to be done. - Jim Powell, 2001 [Liberty Story]

  • Murray N. Rothbard: Mr. Libertarian
    Rothbard's implementation of the 'policy' of libertarianism to specific issues was scattered, in large measure, throughout hundreds of articles. It was also expressed in the powerful For a New Liberty: The Libertarian Manifesto, which is probably the work best known to libertarians. - Wendy McElroy, July 6, 2001 [LewRockwell.com]

  • Murray N. Rothbard: A Legacy of Liberty
    Murray N. Rothbard (1926-1995) was just one man with a typewriter, but he inspired a world-wide renewal in the scholarship of liberty. During 45 years of research and writing, in 25 books and thousands of articles, he battled every destructive trend in this century -- socialism, statism, relativism, and scientism -- and awakened a passion for freedom in thousands of scholars, journalists, and activists. [Center for Libertarian Studies]

  • Rothbard as System-Builder: A Tribute
    - Wendy McElroy

Writings by Murray N. Rothbard

Books by Murray N. Rothbard

Frédéric Bastiat (1802-1850)
"The state is that great fiction by which everyone tries to live at the expense of everyone else."

Writings regarding Frédéric Bastiat

Writings by Frédéric Bastiat

Henry Hazlitt (1894-1993)

Writings regarding Henry Hazlitt

Writings by Henry Hazlitt
  • The Wisdom of Henry Hazlitt
    "A large, diverse collection of Henry Hazlitt's essays from The Freeman, with auxilliary essays on Hazlitt by other authors. Produced after Mr. Hazlitt's passing." (e-text courtesy of the Henry Hazlitt Foundation)

Books by Henry Hazlitt
  • Thinking as Science (1916)
  • A New Constitution Now (1942)
  • Economics in One Lesson (1946)
  • The Failure of the New Economics: An Analysis of the Keynesian Fallacies (1959)
  • The Critics of Keynesian Economics (1960)
  • What You Should Know About Inflation (1960)
  • Foundations of Morality (1963) (e-text)
  • Man Vs. the Welfare State (1969)
  • The Conquest of Poverty (1973)
  • The Inflation Crisis and How to Resolve It (1978)

  • Eugen von Böhm-Bawerk (1851-1914)
    "Present goods are, as a rule, worth more than future goods of like kind and number. This proposition is the kernel and centre of the interest theory which I have to present. All the lines of explanation, by which I hope to elucidate the phenomena of interest, run through this fact."
    - from Positive Theory of Capital, 1889: p.237

    Writings regarding Eugen von Böhm-Bawerk

    Writings by Eugen von Böhm-Bawerk

    Books by Eugen von Böhm-Bawerk

    Wilhelm Röpke (1899-1966)

    Writings regarding Wilhelm Röpke
    • There is No Third Way
      - H. A. Scott Trask, February 6, 2002 [Mises]

    • Wilhelm Röpke: Architect of Liberty
      - John Zmirak, January 11, 2002 [Mises]

    • Wilhelm Röpke: A Centenary Appreciation
      Wilhelm Röpke was more than just an economist. During some of the darkest decades of the twentieth century, he sounded more like an Old Testament prophet warning of the dangers from a loss of our moral compass. Collectivism had few opponents in our century with as much of a sense of ethical purpose. Precisely because he was an economist by training, Röpke understood the indivisibility of personal, political, and economic freedom in a way that many other critics of socialism in its various forms could never articulate. - Richard M. Ebeling [LibertyHaven]

    Writings by Wilhelm Röpke

    Books by Wilhelm Röpke

    Carl Menger (1840-1921)

    Writings regarding Carl Menger

    Writings by Carl Menger

    Books by Carl Menger

    Jean-Baptiste Say (1767-1832)

    Writings regarding Jean-Baptiste Say

    Writings by Jean-Baptiste Say

    Books by Jean-Baptiste Say

    Other Links
    • What is "Austrian Economics"?

    • Fundamentals of Austrian Economics
      - [George Mason University]

    • The Austrian Theory of the Trade Cycle
      - Compiled by Richard M. Ebeling [Mises]

    • On the Development of the Subjective Theory of Value
      - Ludwig von Mises [Mises]

    • Is Austrian Economics Merely Religion?
      - William Anderson, April 19, 2005 [Mises]

    • If You Are So Smart...
      - William L. Anderson, January 28, 2005 [Mises]

    • Classical Economics vs. The Exploitation Theory
      - George Reisman, January 24, 2005 [Mises]

    • To Be an Austrian: A Primer
      - Sean Corrigan, November 3, 2004 [Mises]

    • Labor and the Austrian School
      - Interview with Morgan O. Reynolds, April 25, 2003 [Mises]

    • Austrian Economics Is Empirically Verified
      This article is a response to Joe Dunsmore's recent article "Why We Can't Associate Too Closely with the Austrians." Contrary to his article, I claim that Austrian economics is in fact an empirically verified science. - David Rogers, February 20, 2003 [anti-state.com]

    • Why Business Cycle Theory Matters
      - William Anderson, November 24, 2004 [Mises]

    • Choice and Preference
      Bryan Caplan, in his widely circulated web article, "Why I Am Not an Austrian Economist," and in his subsequent "The Austrian Search for Realistic Foundations" in the Southern Economic Journal, seemingly has questioned the Austrian contention that choice implies preference. - Gene Callahan, February 20, 2003 [Mises]

    • Austrian Methodology 101
      - Jason B. Romano, February 5, 2003 [anti-state.com]

    • Demand-Side Dogma
      Coercive transfers are wasteful, inefficient, and inequitable. The Left uses Demand-Side Dogma to instill false legitimacy into these policies, writes D.W. MacKenzie. The Right, including the Bush administration, plays along with this rhetoric all too often. - D.W. MacKenzie, January 20, 2003

    • The Austrian Difference
      Austrian analysis provides a superior basis for correctly informing the general population about why capitalist societies are the best societies. - D.W. Mackenzie, December 26, 2002 [Mises]

    • Explaining Japan's Recession
      Only the Austrian theory of the business cycle provides the explanation. - Benjamin Powell, December 3, 2002 [Mises]

    • Austrian Economics in Graduate School
      - Art Carden, October 24, 2002 [Mises]

    • The Austrian School in the Liberal Arts
      - Jeffrey M. Herbener, October 23, 2002 [Mises]

    • The Mises Institute: The Next 20 Years
      - Llewellyn H. Rockwell, Jr., October 20, 2002 [Mises]

    • Models: What Are They Good For?
      How can we reconcile the market success of mathematical models of trading with the Austrian skepticism toward theoretical models expressed in math? - Gene Callahan, September 23, 2002 [Mises]

    • The War Over Method
      D.W. MacKenzie contrasts economic methodologies to show how Austrian economists employ sound theoretical concepts that guard against the wiles of political and ideological fashion. - D.W. MacKenzie, July 25, 2002 [Mises]

    • Econometrics: A Strange Process
      Until recently, most macroeconomic forecasters, assisted by mathematical models, were predicting economic recovery and rising stock indices. But the market has reminded us that reality doesn’t always correspond to the predictions of those who claim the mantle of "science." As is so often the case, those economists who were more humble in their pretensions to knowledge avoided such embarrassment. - Robert P. Murphy, July 17, 2002 [Mises]

    • What is Economics? Why Study It?
      Excerpt from Chapter 1 of Economics for Real People by Gene Callahan. - posted June 20, 2002 [Mises]

    • Professor Stiglitz and Lord Keynes
      According to the Keynesian magic formula, writes Frank Shostak, government spending is all that is needed to make a society prosperous. Even today this position has prominent defenders, such as Joseph Stiglitz. If this view were correct, however, poverty in the world would have been eliminated a long time ago. - Frank Shostak, June 4, 2002 [Mises]

    • The Misleading Indicators
      Contrary to the accepted way of thinking, the indicators approach adds very little to our understanding of what business cycles are all about. - Frank Shostak, May 20, 2002 [Mises]

    • In Defense of Logic
      Carried out properly, a course in logic can greatly improve a college student's ability to think independently, as an individual and not simply a herd-member, and not be taken to the cleaners by every fashion to come along. - Steven Yates, April 17, 2002 [Mises]

    • Mathematics and Economic Analysis
      ...as Rothbard and Mises note, that might be appropriate for the physical sciences, it is not appropriate when describing how humans behave. - William L. Anderson, April 4, 2002 [Mises]

    • Austrian Macroeconomics
      Review of Time and Money. - Richard Ebeling, April 17, 2001 [Mises]

    • FEE's Role in the Survival and Resurgence of Austrian Economics
      "FEE's identification with Austrian Economics has been unmistakable from its very beginning. The appreciation of how free markets contribute to societal prosperity has been taught by FEE primarily as seen through Austrian lenses...If today Austrian Economics has returned to a substantial measure of professional recognition and respect, the Foundation for Economic Education is entitled to a major share of the credit."

    • Why Austrian Economics Matters
      "The future of Austrian economics is bright, which bodes well for the future of liberty itself. For if we are to reverse the trends of statism in this century, and reestablish a free market, the intellectual foundation must be the Austrian School. That is why Austrian economics matters." - [Mises]

    • Austrian economics and its suppression in Australia
      "Unfortunately for the country the whole frame work and language of the so-called economic debate has been set largely by Keynesians of one stripe or another. Even those who claim to have abandoned Keynesian nostrums have not fully freed themselves of Keynesian thinking. (For example, we have had John Stone and Alan Wood make the ridiculous statement that Japan's problems have been aggravated by its high savings ratio.)" - [New Australian]

    Books regarding Austrian School Economics

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    Mark Valenti's Liberty Page created and updated by Mark D. Valenti from
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