F.A. Hayek is one of the most influential figures in the field of social science. His works ranged from philosophy to economics to jurisprudence to psychology. He won the Nobel Prize in economics in 1974 and was probably the last major Austrian economist from Austria.
The differences between the Austrian school and the mainstream begin at the most fundamental level: method (logic vs. empiricism) and the goal of economic science (understanding vs. prediction). Download lecture slides at Mises.org/MU23_PPT_19. Recorded at the Mises Institute in Auburn, Alabama, on 26 July 2023.
In the Progressive Era (1897 to 1929) the American Medical Association made an effort to restrict the supply of doctors. Download lecture slides at Mises.org/MU23_PPT_18. Recorded at the Mises Institute in Auburn, Alabama, on 26 July 2023.
At a time when ethnic politics were tearing Europe apart, Ludwig von Mises believed that such ethnic devotion did more harm than good. Original Article: "Mises and Nationalism"
As modern monetary theory (MMT) gains prominence in the political sphere, it has revitalized interest in some older theories about the origin of money—namely, the state and credit theories of money. The credit theory of money says that money is simply a unit for measuring debt.
Karl-Friedrich Israel discusses modern econometrics, utility and welfare economics, and econometrics as a set of descriptive tools. Download lecture slides at Mises.org/MU23_PPT_17. Recorded at the Mises Institute in Auburn, Alabama, on 25 July 2023.
There is no clear basis in economics, ethics, efficiency, or fairness for Minimum Wage Laws. The minimum wage works the way it was intended one hundred years ago. Download lecture slides at Mises.org/MU23_PPT_16. Recorded at the Mises Institute in Auburn, Alabama, on 25 July 2023.
It's become common now to read arguments claiming that immigrants — broadly speaking — are good for the economy, or good for "America" in some other fashion. "Migrants and refugees are good for economies," Nature magazine claims. "Open Immigration Is Good for the Health of People
Government attempts to limit “monopoly power” cannot improve well-being. Download lecture slides at Mises.org/MU23_PPT_15. Recorded at the Mises Institute in Auburn, Alabama, on 25 July 2023.
