Austrian Economics

Murray N. Rothbard's great treatise, Man, Economy, and State, and its complementary text, Power and Market, are here combined into a single audiobook edition as they were written to be. It provides a sweeping presentation of Austrian economic theory, a reconstruction of many aspects of that theory, a rigorous criticism of alternative schools, and an inspiring look at a science of liberty that concerns nearly everything and should concern everyone.

We live in an extraordinary time. Technological advances are happening at a rate faster than our ability to understand them, and in a world that moves faster than we can imagine, we cannot afford to stand still. These advances bring efficiency and abundance - and they are profoundly deflationary. Our economic systems were built for a pre-technology era when labor and capital were inextricably linked - an era that counted on growth and inflation and an era where we made money from inefficiency.

How can we benefit from the promise of government while avoiding the threat it poses to individual freedom? In this classic book, Milton Friedman provides the definitive statement of his immensely influential economic philosophy - one in which competitive capitalism serves as both a device for achieving economic freedom and a necessary condition for political freedom.

When Austrian President Franz Jonas visited the Vatican in 1971, Pope Paul VI named Austria “the Island of the Blessed”. He did so to emphasize Austria’s steep recovery. Only 25 years had passed since the end of the Second World War, and Austria was already one of the most prosperous European countries. One might argue that Austria was always a rich country, and during the times of its Habsburg rulers, it certainly was. But after the dissolution of the Austro-Hungarian Empire, Austria was lost between two worlds - its German heritage and its multiethnic nation.

In 1927, classical liberalism, based on a belief in individualism, reason, capitalism, and free trade, was dying, when one of the 20th century's greatest social thinkers wrote this combative and convincing restatement. Nowhere are the key principles of Mises' philosophy better represented than in this timeless work. Mises was a careful and logical theoretician who believed that ideas rule the world, and this especially comes to light in Liberalism.

Turning the other cheek does not mean standing by while the enemies of God dismantle Christian civilization and brainwash our children. Decrying the cowardice that masquerades as meekness, Eric Metaxas summons the Church to battle. An attenuated and unbiblical “faith” based on what Bonhoeffer called “cheap grace” has sapped the spiritual vitality of millions of Americans. Paying lip service to an insipid “evangelism,” they shrink from combating the evils of our time. Metaxas refutes the pernicious lie that fighting evil politicizes Christianity.

We are in the golden era of boutiques. The business models of your clients are being disrupted. This makes it virtually impossible for them to have all the required expertise in-house. They are looking for external expertise. They have big budgets to spend. Clients are buying from boutiques in record numbers. The sun is shining. Time to make hay.

The Austrian School of Economics - a movement that has had a vast impact on economics, politics, and society, especially among the American right - is poorly understood by supporters and detractors alike. Defining themselves in opposition to the mainstream, economists such as Ludwig von Mises, Friedrich Hayek, and Joseph Schumpeter built the School’s international reputation with their work on business cycles and monetary theory. In this collective biography, Janek Wasserman brings these figures to life....

As he rose to power, Hitler's hatred toward the Habsburgs and their diverse empire fixated on Franz Ferdinand's sons, who became outspoken critics and opponents of the Nazi party and its racist ideology. When Germany seized Austria in 1938, they were the first two Austrians arrested by the Gestapo, deported to Germany, and sent to Dachau. Within hours they went from palace to prison. The women in the family, including the Archduke's only daughter Princess Sophie Hohenberg, declared their own war on Hitler.

A great introduction or a friendly refresher for those interested in the contributions of Mises, Hayek, and Rothbard. The lessons inside are an essential resource for anyone fighting for liberty in the battle against leviathan states that grow from economic crisis to economic crisis. Politicians have long used business cycles to justify greater state intervention in the economy, growing the size of the state at the expense of civilization. One of the most potent weapons in debunking this narrative has been the unique understanding of Austrians that it is previous government intervention, ...

In responding to the financial crash of 2008, both the Bush administration and the Obama administration have relied on prescriptions developed by John Maynard Keynes, the most important economist since Marx. But should we be relying on Keynes? What did Keynes actually say? Did he make his case? Hunter Lewis concludes that he did not. If Keynes was wrong then so are the economic policies of virtually all world governments today.

This is a digestible summary of the most authoritative (but too long) treatise of all time on Austrian Economics. No crafty Keynesianism. No academic obfuscation. Rather, a succinct series of building blocks, based on actual human behavior, that lead to rational truths at the societal level. The original is condensed to one-sixteenth its length and organized into the three states of relative market freedom: free, mixed (government interventions), and un-free (socialism). Use the Synthesis as a sort of Cliff’s Notes to a timeless classic.

Insanity seems to rule the financial markets and many investors are driven by delusion and anxiety. Could everything you thought you knew about investing be wrong? The Austrian School’s approach provides the needed respite for investors caught in inflationary treadmills. Conventional investment experts often overlook economic developments, which may become a hazard for mainstream investors. Instead, the Austrian School of Economics has proved itself as an independent approach beyond the interests of politicians and bankers.

It took a while for the vital myth-shattering ideas of Galileo, Bruno, and Copernicus to spread. We find ourselves in a similar situation. Whether homo sapiens ultimately self-destroys in another tribalistic world war, Socialist revolution, environmental disaster, or CovidMania-like self-mutilating economic lockdowns, it will all come down to whether the ideas of the ‘The Austrian School of Economics’ reach leaders in time. If you know where to look you can easily see how the vital wisdom of ‘The Austrians’ is spreading. Via his 2008 and 2012 presidential campaigns, former US ...