Imperialism and Social Classes

Joseph Schumpeter was not a member of the Austrian School, but he was an enormously creative classical liberal, and this 1919 book shows him at his best. He presents a theory of how states become empires and applies his insight to explaining many historical episodes. His account of the foreign policy of Imperial Rome reads […]

Human Action

The masterpiece first appeared in German in 1940 and then disappeared, only to reappear in English in 1949. It was a sensation, the largest and most scientific defense of human freedom ever published. As is well known, Mises’s book is the best defense of capitalism ever written. It covers basic economics through the most advanced […]

My Years with Ludwig von Mises

A moving account of her life with “Lu,” from their first days in Vienna to his death in New York in 1973. The reader learns that Mises was a warm and gentle husband, in addition to being a great mind. The author reports interesting anecdotes on various encounters with famous economists and philosophers, both in […]

On Doing the Right Thing

This wonderful collection of essays by Albert Jay Nock, first published in 1928, includes his “Anarchist’s Progress,” “Thoughts on Revolution,” “The Decline of Conversation,” and other classics by this great American essayist and influential libertarian thinker. This book has been very difficult to find, but now appears in this special Mises Institute series. On Doing […]

Money, Method, and the Market Process

by Ludwig von Mises This volume might be called the Mises Reader, for it contains a wide sampling of his academic essays on money, trade, and economic systems. Some of them, like “Observations on the Cooperative Movement,” have not been published previously. Others, like “The Idea of Liberty Is Western,” have already made their mark on […]

Economic Point of View: An Essay in the History of Economic Thought

Israel Kirzner is an outstanding student of Mises‘s, and here is his sweeping defense of the Misesian definition of the scope and meaning of economic science. He compares the Misesian view of human action with the neoclassical and classical school, and contrasts their views on rationality, human choice, scarcity, and scientific method. The book came […]

Tiger by the Tail

F.A. Hayek said that his biggest regret in a lifetime of writing was that he never wrote a book-length refutation of Keynesian economics. He seriously doubted that Keynesian style planning would ever captivate governments, so he focused on different things. Economist Sudha Shenoy decided to rectify the problem. As a Hayek scholar, she noted that […]