The Life & Thought of Friedrich Hayek

Description: The 20th century witnessed the unparalleled expansion of government power over the lives and livelihoods of individuals. Much of this was the result of two devastating world wars and totalitarian ideologies that directly challenged individual liberty and the free institutions of the open society. Other forms of expansion in the provision of social welfare […]

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 […]

The Road to Serfdom (.pdf version)

Finally, here is an edition of Road to Serfdom that does justice to its monumental status in the history of liberty. It contains a foreword by the editor of the Hayek Collected Works, Bruce Caldwell. Caldwell has added helpful explanatory notes and citation corrections, among other improvements. For this reason, the publisher decided to call this “the […]

Individualism and Economic Order

If you are looking to acquaint yourself with F.A. Hayek‘s perspective on economic theory–beyond his business cycle and monetary studies of the interwar years–this is the best source. The collection appeared in 1947, before he moved on toward broader culturaland social investigations. It contains his most profound work on the liberal economic order, and his […]

Common Sense Economics

Professor Hahn, one of the greatest but least known Austrian economists of his generation, offers a fantastic refutation of Keynesian macroeconomics, including its wild obsession with effective demand, and also a systematic presentation of the Austrian theory of the business cycle.   It might have been common sense in his day, but it is surely […]

Economics and Moral Courage

by Llewellyn H. Rockwell, Jr. It must be really painful to be an economist of the mainstream today, or, at least, it should smart to some extent. In a financial and economic calamity of the current scale, people naturally want to know who issued the warnings about the real estate bubble and its likely aftermath. When […]

A Biography of Wilhelm Röpke

Wilhelm Röpke (1899-1966): Humane Economist by Shawn Ritenour Wilhelm Röpke devoted his scholarly career to combating collectivism in economic, social, and political theory. As a student and proponent of the Austrian School, he contributed to its theoretical structure and political vision, warning of the dangers of political consolidation and underscoring the connection between culture and […]

A Biography of Ron Paul

A leading free-market politician and political leader of the free-market movement in the United States, Congressman Ron Paul (R-Tex) is also a medical doctor and a leading exponent of Austrian free-market economics. While Dr. Ron Paul came to politics somewhat later in life, Ron has had an enormous impact on American sociopolitical culture in the past […]

What is Austrian Economics?

Josey’s note: I’m not sure who the actual author to this piece is but I found it at: Ludwig Von Mises web site. The Austrian School The story of the Austrian School begins in the fifteenth century, when the followers of St. Thomas Aquinas, writing and teaching at the University of Salamanca in Spain, sought […]

Libertarian Extraordinaire, Part 4

Smith continues his discussion of Thomas Hodgskin by exploring some of the key arguments in his neglected book on economics, Popular Political Economy. In my last essay, I discussed some general features of Thomas Hodgskin’s Popular Political Economy (1827). I will now explore this book in more detail. Despite some theoretical shortcomings, Popular Political Economy contains a number of insightful discussions, […]