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What's Austrian about Austrian economics?

While many of its early proponents hailed from that historic nation, Austrian economists today tend not to be, well, Austrian. Instead, this school of thought is characterized by a set of propositions about economics, including methodological individualism, subjective utility, and entrepreneurial discovery.

But what do these mean, and what are the issues that Austrian economists are interested in today? We hope this month's collection helps shed some light on these questions. And we hope you'll let us know what else you might want to see. Perhaps you have a suggestion for a virtual or online reading group? Is there someone you'd like us to interview? Maybe a suggestion for a book review? Whatever it is, we always love to receive your feedback. Let us know at or on social media. We're listening.

Austrian School of Economics
Start your journey by exploring the main propositions of Austrian economics in this CEE entry.
The Foundations of Modern Austrian Economics
What is the distinctive Austrian contribution to economic theory? And what are the important problems and new directions for Austrian economics today? This collection from an early conference tries to provide answers.
Ludwig von Mises
Mises was one of the last members of the "original" Austrian school. Read more about him in this bio.
10 Essential Books
Menger, Hayek, Kirzner, White, Rizzo, Lavoie and more. Take a deep dive into Austrian scholarship with these titles.
Boettke on Austrian Economics
Pete Boettke, of George Mason University, talks with EconTalk host Russ Roberts about the origins and tenets of Austrian economics. This is a wonderful introduction to how the so-called Austrian economists look at the world and how they continue to influence economics today.
The Tensions in Austrian Economics
Erwin Dekker provides a new interpretation of the work of the Austrian school. In the process, he identifies a number of tensions in their thought. Read Arnold Kling's review to learn more.
Carl Menger
Menger has the twin distinctions of being the founder of Austrian economics and a cofounder of the marginal utility revolution. Read more in his CEE bio.
Spontaneous Order in Adam Smith
Of all the contributions that Adam Smith’s work in political economy offers us, perhaps the most important and enduring of those is the idea of the “invisible hand.” ... Subsequent scholars have introduced other terminology that they believe more precisely describes the underlying phenomenon.
The Riddle of Schumpeter
Go beyond creative destruction in this reflection on Schumpeter's legacy.
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