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Historical Setting of the Austrian School of Economics (Book/ Paperback)

Product Overview

This little essay offers something spectacular: an intellectual history of Mises's own tradition, with first person accounts of conversations with the greats. And truly, Mises turns out to have written the best single account of the origin and early growth of the Austrian School.

Mises discusses the intellectual milieu in which the Austrian School began, and recalls a conversation he had with Carl Menger. He writes about it with vivid recall, as if were only yesterday.

He tells how the enemies of the Austrians gave it the label, and how it came to backfire on the historical school. He shows that Austrian economists have always been "independent economists," unconnected with the leviathan state and its approved institutions.

The essay was first published in 1969--one of his last pieces of writing--and remains a crucial text for understanding the history of a tradition.

The contents of this volume include:

I. Carl Menger and the Austrian School of Economics 1. The Beginnings 2. The Austrian School of Economics and the Austrian Universities 3. The Austrian School in the Intellectual Life of Austria 4. Bohm-Bawerk and Wieser as Members of the Austrian Cabinet
II. The Conflict with the German Historical School 1. The German Rejection of Classical Economics 2. The Sterility of Germany in the Field of Economics 3. The Methodenstreit 4. The Political Aspects of the Methodenstreit 5. The Liberalism of the Austrian Economists

About the Author(s)

Ludwig Heinrich Edler von Mises (1881-1973) was an Austrian economist, philosopher, and classical liberal who was a prominent figure in the Austrian School of economic thought. Fearing a Nazi take-over of Europe, Mises emigrated to New York in 1940. He published his magnum opus Human Action in 1949. Mises had a significant influence on the Libertarian movement that developed in the United States in the mid-20th century.