Articles of Interest

The Prehistory of Modern Economic Thought: The Aristotle in Austrian Theory

The Prehistory of Modern Economic Thought: The Aristotle in Austrian Theory
Philosophers of the ancient world provided insight into the economic theory we discuss today.
The Prehistory of Modern Economic Thought: The Aristotle in Austrian Theory

Hesiod, Democritus, Xenophon, and Aristotle provided significant insights into economic theory through praxeological deduction. Stoic thought presents a coherent notion of natural law. Lao Tzu, Chuang Tzu, Pao Chingyen, and Ssu-ma Chíien, Taoists in Ancient China, provide insight into the spontaneous order of the market and the effects of government intervention. The Late Scholastics, including Jean de Pierre Olivi, Albornoz, Mercado, Saint Bernadino, and Juan de Mariana, contribute to the economic discussion of utility theory, international trade, private property, the nature of government, and currency debasement.

All Rights Reserved ©
Latest Articles

Owners are not only prohibited from producing the wine of their choice but also from deciding the volume they produce, the price at which they can sell their products, the way they store and vinify according to protocols, and the list goes on.

Remembering Justin Raimondo, who used his antiwar website to rally concerned people against the unjust and destructive wars brought on by the US government.

Mises WireVincent Cook

Prominent central bankers have given conflicting statements concerning gold. What soaring gold prices might indicate is that the worldis now turning to gold.

Equilibrium is an imaginary construct that should be used only for analytical purposes. Unfortunately, mainstream economists have claimed it should represent a desired state of economic affairs. Austrian Economists know better.

Thinking clearly about the state requires us to thinkdifferently than what is typically believed. The state is not a “necessary evil,” but rather it is just evil.

Meet the Writer

Free markets and free minds must push back against the mercantilist and populist policies associated with current Keynesians; we must draw upon the foundational ideas of economists such as Ludwig von Mises, Friedrich Hayek, Israel Kirzner, and Murray Rothbard.

Mises WireJustin M. Ptak
One would think Matthew Yglesias had become quite well versed in Austrian Economics by now or at least slightly familiar, but alas that is not the case. Sadly all one can do is shake ones head as I...