Austrian Economics

In a pursuit to educate the masses I submit Ludwig von Mises - A Primer.  Mises continued even in the face of adversity to present sound economic theory and libertarian ideals.  In future I will bring the like of others mentioned below, as well as their more notable works.


LvMises a Primer                                                            

Austrian school of economics was the creation of such early founders as Carl Menger, Eugen von Bohm-Bawerk and the great Ludwig von Mises as well as others.

In understanding the Austrian theory over the current Keynesian version one must embrace the knowledge that the complexity of human behaviour impacts on mathematical modeling. People, through individual choices, influence value and therefore markets.

As noted elsewhere:

Austrians hold that the complexity of human behavior makes mathematical modeling of the evolving market extremely difficult (or undecidable) and advocate a laissez faire approach to the economy. Austrian School economists advocate the strict enforcement of voluntary contractual agreements between economic agents, and hold that commercial transactions should be subject to the smallest possible imposition of forces they consider to be coercive (in particular the smallest possible amount of government intervention).

To this end provide below one of many freely available pieces of literature available from the Ludwig von Mises Institute.

(Updated 5th April, 2010) Commanding Heights - The Battle for the World Economy - EP1
(Please note that there are several in the series and can be found via suffixing EP2, EP3, etc.)

Readers are encouraged to drop in at LvM for a daily fix.

The Foundation for Economic Education also provide a variety of interesting videos

I would also recommend the Adam Smith Institute for daily reading.

A rare find is the complete Wealth of Nations.

I note to all readers that the above material is in available in the public domain.