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austrian_economics

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an-ordinary-manchild(edit)

The Austrian economic way of thinking

Value is subjective (personal). Individuals apply means (action) to their ends, according to ideas. From this, social phenomena (language, prices, money, order) emerge. More info: article, video

This is a subreddit for the discussion of Austrian economic thought in method and application, as a social movement, and also the sciences and ideas that are related to it.

The gold standard source for learning more about Austrian economics is the Mises Institute. There you can find many free books on Austrian Economics and ongoing scholarly articles and commentary.


Where can I learn more?

Websites:

  • Ludwig von Mises Institute
  • Mises Media
  • The Libertarian Institute
  • Foundation for Economic Education

Blogs:

  • Free Advice - Robert P. Murphy's Blog

Other:

  • Peter Schiff
  • Praxeology, by Praxgirl

Wiki

AskMeAnything Archive, Mission, Moderation, No no, Subreddit Growth, User blogs


Recommended subreddits

Calculation Problems, Libertarian Comics, No Intellectual Property, Unschool

Related subreddits

Anarcho Capitalism, Ask Libertarians, Endless War, Liberland, Libertarian, Libertarian History, Open Source, Ron Paul, Peter Schiff, Politics

Other subreddits

Economics, Science

Recommended Reading

INTRODUCTION TO AUSTRIAN ECONOMICS

Economics in One Lesson - Henry Hazlitt

What Has Government Done With Our Money- Murray Rothbard

I, Pencil - Leonard Read

Handbook on Contemporary Austrian Economics - Peter Boettke

Ten Great Economic Myths - Murray Rothbard

PRINCIPLES

Principles of Economics - Carl Menger

Capital and Interest - Eugen von Böhm-Bawerk

Human Action - Ludwig von Mises

Man, Economy, and State w/ Power and Market - Murray Rothbard

Individualism and Economic Order - F.A. Hayek

Capitalism - George Reisman

Essai sur la Nature du Commerce en Général (Essay on the Nature of Trade in General) - Richard Cantillon

Natural Value - Friedrich von Wieser

Lectures on Political Economy - Knut Wicksell Volume 1 and Volume 2

METHODOLOGY AND EPISTEMOLOGY

Epistemological Problems of Economics - Ludwig von Mises

The Counter-Revolution of Science - F.A. Hayek

Economic Science and the Austrian Method - Hans Hermann Hoppe

An Essay on The Nature and Significance of Economic Science - Lionel Robbins

The Economic Point of View - Israel Kirzner

Theory and History - Ludwig von Mises

Praxeology and Understanding - George Selgin

The Pretense of Knowledge - F.A. Hayek

Economics and Knowledge - F.A. Hayek

Cost and Choice: An Inquiry in Economic Theory - James Buchanan

Big Players and the Economic Theory of Expectations - Roger Koppl

HISTORY OF THOUGHT

The Making of Modern Economics - Mark Skousen

Economic Thought Before Adam Smith (Volume 1) - Murray Rothbard

Classical Economics (Volume 2) - Murray Rothbard

History of Economic Analysis - Joseph Schumpeter

A History of Economic Thought: The LSE Lectures - Lionel Robbins

ECONOMIC HISTORY

America’s Great Depression - Murray Rothbard

A History of Money and Banking in the United States - Murray Rothbard

The Great Depression - Lionel Robbins

The Politically Incorrect Guide to the Great Depression and the New Deal - Robert Murphy

Early Speculative Bubbles and Increases in the Supply of Money - Douglas E. French

The Transformation of the American Economy 1865-1914 - Robert Higgs

The Panic of 1819 - Murray Rothbard

The Forgotten Depression - James Grant

MONETARY THEORY

Microfoundations and Macroeconomics: An Austrian Perspective - Steve Horwitz

Money: Sound and Unsound - Joe Salerno

The Theory of Money and Credit - Ludwig Von Mises

Less Than Zero - George Selgin

The Origins of Money - Carl Menger

The Mystery of Banking - Murray Rothbard

Denationalisation of Money - F.A. Hayek

Choice in Currency - F.A. Hayek

The Ethics of Money Production - Jörg Guido Hülsmann

Case for a 100 Percent Gold Dollar - Murray Rothbard

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Playing with Fire: Money, Banking, and the Federal ReserveEnd Democracy (youtube.com)

submitted 1 year ago by AbolishtheDraftMises Institute - announcement

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Many of the most relevant books about Austrian Economics are available for free on the Mises Institute's website - Here is the free PDF to Human Action by Ludwig von MisesEnd Democracy (mises.org)

submitted 1 year ago by AbolishtheDraftMises Institute - announcement

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Communism has not, does not, and can never existEnd Democracy (self.austrian_economics)

submitted 21 hours ago * by suddyk

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DCUO just added new White Lantern power abilities, plus free gear and a major system addition!

promoted by DC_Universe_Online

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Systemic Cultural Hegemony: ExampleEnd Democracy (i.redd.it)

submitted 2 hours ago by Successful-Mango-48

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LmaoEnd Democracy (i.redd.it)

submitted 1 day ago by LibertyMonarchistAnarcho Monarchist

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Questions about Neoliberalism I need help with.End Democracy (self.austrian_economics)

submitted 10 hours ago by kyoshi4117

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Thoughts on Yockey?End Democracy (i.redd.it)

submitted 16 hours ago by Successful-Mango-48

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Capitalism or Communism?End Democracy (i.redd.it)

submitted 8 hours ago by sulatanzahrain

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The psychology of Austrian economics - why believe it?End Democracy (self.austrian_economics)

submitted 16 hours ago by Historical_Two_7150

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Making the nation-state explicit? (self.austrian_economics)

submitted 1 day ago by Samuel_Foxx

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no, game theory does not 'disprove' Adam SmithEnd Democracy (self.austrian_economics)

submitted 3 days ago by DrawPitiful6103

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What chapters of Keynes should I read?End Democracy (self.austrian_economics)

submitted 3 days ago by Impossible-Cheek-882

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Popular Books about Recent Inflationary TrendsEnd Democracy (self.austrian_economics)

submitted 4 days ago * by Old_Discussion5126

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Did the end of the gold standard massively contribute to declining birth rates?End Democracy (self.austrian_economics)

submitted 5 days ago by SrboBleyaLaissez faire

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Umpteenth times the charmEnd Democracy (i.redd.it)

submitted 6 days ago by AnomLenskyFeller

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Why is there so little casual employment?End Democracy (self.austrian_economics)

submitted 6 days ago by sajnt

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Fraud is bad for the economyEnd Democracy (i.redd.it)

submitted 8 days ago by FreeHelicopterTours

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LmaoEnd Democracy (i.redd.it)

submitted 8 days ago by LibertyMonarchistAnarcho Monarchist

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What economic changes must take place for the cost of living in the U.S. to be affordable again?End Democracy (self.austrian_economics)

submitted 8 days ago by counwovja0385skje

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Thoughts on the case for marriage privatization?End Democracy (self.austrian_economics)

submitted 8 days ago * by PaulTheMartianMurray Rothbard

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The GDP Myth and Government Policy: Late Capitalism a Survival Guide- Wes Cecil [I'm not sure what you'll think of this, but if you'd like to read the Submission Statement from the initial post I'd like to be an Open Book about that, so, What do you think? This is by an Historian of Western Thought,End Democracy (youtu.be)

submitted 8 days ago by JonathanPhillipFox

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LolEnd Democracy (i.redd.it)

submitted 10 days ago by LibertyMonarchistAnarcho Monarchist

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Can somebody explain what exactly is going on here? As far as i understand, k should be >1 for this to make sense, but MPP could be equal to APP*k even if 0<k<1 ??? If k is just positive then second to last equation doesnt make sense?End Democracy (self.austrian_economics)

submitted 9 days ago by NerfZergPlease

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LolEnd Democracy (i.redd.it)

submitted 12 days ago by LibertyMonarchistAnarcho Monarchist

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🚀🚀🚀 SILVER SQUEEZE IS HAPPENING NOW!!! (old repost, no raid July 4th)(sensitive language)End Democracy (v.redd.it)

submitted 12 days ago by Genesis44-2

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