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 […]

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 […]

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 […]

Thinking as a Science

It’s incredible that this 1916 tutorial on how to think, by none other than Henry Hazlitt, would still hold up after all these years. But here’s why. Hazlitt was largely self-educated. He read voraciously. He trained himself to be a great intellect. In the middle of this process, he discovered that it is far more […]

The Economics of Illusion

L. Albert Hahn was one of the most highly regarded economists and bankers in Germany before World War II, but he was unknown in the United States until this translation of The Economics of Illusion appeared in 1949. He immigrated to the United States in 1940. This book is his frontal attack on the Keynesian system, which […]

On Equality and Inequality

This article is excerpted from chapter 14 of Money, Method, and the Market Process, edited by Richard M. Ebeling. It was originally published in Modern Age (Spring 1961).] by Ludwig von Mises The doctrine of natural law that inspired the 18th century declarations of the rights of man did not imply the obviously fallacious proposition that all men are […]

30 Day Reading List

The 30 Day Reading List that will Lead You to Becoming a Knowledgeable Libertarian The list below will not make anyone a scholar in libertarianism or an expert in Austrian Economics, it is designed to introduce to the busy individual the essence of libertarianism. There are 30 articles listed below. If one reads one article, […]

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 […]