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, Jesus 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, Boehm-Bawerk, Fetter, Mises, Hazlitt, Hayek, Hutt, Roepke, 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 School through the lives and works of its primary expositors.
This book was formerly published under the title of 15 Great Austrian Economists
“By 1950, all that was left of the Austrian School was Ludwig von Mises and his students at New York University. Mises and Hayek, the two most visible Austrians, were always identified with their insistence that socialist economies were doomed to failure, discrediting them in the eyes of most academic economists. Hayek migrated to the University of Chicago, and might well be identified as a Chicago economist today we r e it not for the modem revival of the Aus t r i an School. Mises had prominent supporters like W.H. Hutt and Henry Hazlitt, both profiled in this volume, but none of his supporters were teaching Austrian economics as an alternative to the academic mainstream. Meanwhile, Mises promoted the ideas of Austrian economics to a handful of followers a t New York University. Had he not done so, Austrian economics as an identifiable school of thought probably would have vanished. It is not much of a stretch to argue that by 1950, the Austrian School had only one academic economist actively promoting its ideas as a consistent body of thought.”
Randall G. Holcombe
Randall G. Holcombe is DeVoe Moore Professor of Economics at Florida State University. He received his Ph.D. in economics from Virginia Tech, and taught at Texas A&M University and at Auburn University prior to coming to Florida State in 1988. Dr. Holcombe is also Senior Fellow at the James Madison Institute, a Tallahassee-based think tank that specializes in issues facing state governments. He served on Florida Governor Jeb Bush’s Council of Economic Advisors from 2000 to 2006, was president of the Public Choice Society from 2006 to 2008, and was president of the Society for the Development of Austrian Economics in 2007. Dr. Holcombe is the author of twelve books and more than 100 articles published in academic and professional journals. His books include The Economic Foundations of Government (1994), Public Policy and the Quality of Life (1995), From Liberty to Democracy: The Transformation of American Government (2002), and Entrepreneurship and Economic Progress (2007). His primary areas of research are public finance and the economic analysis of public policy issues.
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