"It is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised as an instrument for the protection of civil liberties against despotic inroads on the part of governments. Ideologically it belongs in the same class with political constitutions and bills of rights." -The Theory of Money and Credit
- 01.06.15, Patrik B. Vonlanthen
Gezwitscher zur 11. Gottfried von Haberler Konferenz
Im Andenken an den 1995 verstorbenen Ökonomen Gottfried von Haberler findet jedes Jahr unter Leitung der European Center of Austrian Economics Foundation ECAEF eine Konferenz statt. Dieses Jahr am 29. Mai 2015....
- 22.12.14, Patrick Barron
The Austrian Case Against Economic Intervention
The basic unit of all economic activity is the un-coerced, free exchange of one economic good for another based upon the ordinally ranked subjective preferences of each party to the exchange. To achieve maximum satisfaction from the exchange eac...
- Ludwig von Mises
The mythology of capital (Böhm-Bawerk)
The Quarterly Journal of Economics (1962)
With every respect for the intellectual qualities of my opponent, I must oppose his doctrine with all possible emphasis, in order to defend a solid and natural theory of capital against a mythology of capital
- Murray N. Rothbard
The Laissez-Faire Radical:
A quest for the Historical Mises (1981)