Austrian Economics

Eamonn Butler: Austrian Economics – A Primer

by Andy Duncan on 31/03/2014


For those who want to find the very quickest route into Austrian Economics, there’s an interesting primer written by Dr Eamonn Butler, of the Adam Smith Institute. You can buy a copy here, and you should be able to download a free PDF of the book, by following this link:

For those who like even-handed books, it’s an excellent introduction.

For those who prefer something a little more hardcore, I’m afraid you’ll still have to hit Murray Rothbards ‘Man, Economy, and State’.


A Video Introduction to Austrian Economics

by Andy Duncan on 28/02/2014

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For those coming to to Austrian Economics for the first time, it can seem a daunting process.

There are hundreds of books to choose from and many different strands of the tradition, mainly emanating from Menger, via Wieser through to Hayek and Kirzner, or via Böhm-Bawerk through to Mises and Rothbard, with much cross-fertilisation along the way. Fortunately, there is an easy beginning, which is the book Economics in One Lesson (available online in either HTML or PDF format), by Henry Hazlitt, who for many years attended the Mises Seminar, in New York.

If even this is too much for the uninitiated, there is an excellent series of 11 lectures delivered by arguably the two most important current representatives of the Misesian line of Austrian Economics; Jörg Guido Hülsmann and Hans-Hermann Hoppe.

The lectures covered are:

  • Mises and the Austrian School (Hülsmann)
  • Value, Utility and Price (Hülsmann)
  • Division Of Labor and Money (Hoppe)
  • The Theory of Banking (Hoppe)
  • Capital and Interest (Hoppe)
  • Praxeology: The Austrian Method (Hoppe)
  • Business Cycle Theory (Hülsmann)
  • The Economics of Deflation (Hülsmann)
  • Theory and History (Hoppe)
  • Welfare Economics (Hülsmann)
  • Law and Economics (Hoppe)

You can access these lectures directly via YouTube. Or for ease of use, you can click through each lecture, one after the other, on the Lew Rockwell site.


Gene Callahan: Economics for Real People

February 27, 2014

While Economics in One Lesson is almost the definitive starting point for those new to the Austrian School, after you have finished reading it there still remain many mysterious doors in front of you in a maze of subjective choice, all of them tempting you towards the next port of call in your quest to […]

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And Then There Were Three: How an Economy Grows and Why It Crashes

February 22, 2014

Stop all the clocks, cut off the telephone, and prevent the dog from barking with a juicy bone. Because there used to be just one standard economics primer that the aspiring Austrian student could get started with: Economics in One Lesson However, this may have been joined by a second junior partner: How an Economy […]

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