Austrian economics

Are Austrian economists anti-empirical?

An instructive trio of essays by economists at Cato Unbound about Austrian economics’ reputation — especially Mises’s praxeological version — for being strongly a priori rationalist: Is Austrian economics anti-empiricist? Steve Horwitz says no. Bryan Caplan says yes. George Selgin also says yes. To Selgin’s series of quotations from Mises, I’d add this one from […]

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Conference: The Austrian School of Economics in the 21st Century

The Bases Foundation has announced its Fourth International Conference, to be held in August in Rosario, Argentina, on the theme of “The Austrian School of Economics in the 21st Century”. The conference has an impressive lineup of speakers, including Lawrence White of George Mason University, Christopher Lingle of Universidad Francisco Marroquín, Karol Boudreaux of the

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Entrepreneurship, individualism, and collectivism

A pair of striking excerpts from a discussion at CNN Money between motivational speaker Ken Blanchard and Scott Shane, professor of entrepreneurship at Case Western. Here is Scott Shane on whether the government should encourage entrepreneurship or craft policies to divert resources to high-growth companies: “From a societal point of view, if you have a

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