An Austrian (Mis)Reads Adam Smith: A critique of Rothbard as intellectual historian

An Austrian (Mis)Reads Adam Smith: A Critique of Rothbard as Intellectual Historian

Principles of Economics: an Austrian Critique

The first edition of Gregory Mankiw’s Principles of Economics (1997) textbook has not only made the book’s author rich and famous, but has also gained notoriety for textbook authors in general and for the discipline of economics in particular. The author reportedly received $1 million in advance, the largest advance ever paid to a textbook author. The press reported that the publisher, no doubt...

An Austrian Version of the Lucas Critique

The Austrian School of economics is mainly interested in human action. Austrian economists acknowledge that individual human beings act and that interacting economic agents form a complex system called the economy. Consequently, Austrians try to understand economic phenomena by analyzing human action. Compared to mainstream economists the methodology applied by scholars classified as Austrian u...

Adam Smith , Behavioral

Adam Smith , Behavioral Economist