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Recent Books Published Race and Economics: How Much Can Be Blamed on Discrimination? By Walter E. Williams (March 2011) Up from the Projects: An Autobiography . Walter E. Williams' autobiography is now available.
Murray Newton Rothbard (March 2, 1926 – January 7, 1995) was an American economist , historian , and political theorist . His work, which refers extensively to Austrian School economist Ludwig von Mises , has profoundly influenced the American libertarian movement by formulating a body of thought Rothbard called " anarcho-capitalism " or free-market anarchism . [ 2 ] [ 3 ] [ 4 ] [ 5 ] Rothbard wrote more than twenty books and is considered a central figure in the American libertarian movement. [ 6 ]
Henry Stuart Hazlitt (November 28, 1894 – July 9, 1993) was an American economist , philosopher , literary critic and journalist for such publications as The Wall Street Journal , The Nation , The American Mercury , Newsweek , and The New York Times , and he has been recognized as a leading interpreter of economic issues from the perspective of American conservatism and libertarianism . [ 1 ] [ edit ] Biography Henry Hazlitt was born in Philadelphia, Pennsylvania and raised in Brooklyn, New York . He grew up in relative poverty, his father having died when Hazlitt was an infant. His early heroes were Herbert Spencer and William James , and his first ambition was for an academic career in psychology and philosophy .
The Austrian School of economics is a school of economic thought which bases its study of economic phenomena on the interpretation and analysis of the purposeful actions of individuals . [ 1 ] [ 2 ] [ 3 ] [ 4 ] It derives its name from its origin in late-19th and early-20th century Vienna with the work of Carl Menger , Eugen von Böhm-Bawerk , Friedrich von Wieser , and others. [ 5 ] Currently, adherents of the Austrian School can come from any part of the world, but they are often referred to as "Austrian economists" or "Austrians" and their work as "Austrian economics". Among the contributions of the Austrian School to economic theory are the subjective theory of value , marginalism in price theory, and the formulation of the economic calculation problem . [ 6 ]
Carl Menger (February 23, 1840 – February 26, 1921) was the founder of the Austrian School of economics , famous for contributing to the development of the theory of marginal utility , which contested the cost-of-production theories of value, developed by the classical economists such as Adam Smith and David Ricardo . [ edit ] Biography Menger was born in Nowy Sącz in Austrian Galicia , now in Poland .
Eugen Böhm-Bawerk ( German: [bøːm ˈbaːvɛʁk] ; born Eugen Böhm ; February 12, 1851 – August 27, 1914) was an Austrian economist who made important contributions to the development of the Austrian School of economics . He was the Austrian Minister of Finance intermittently from 1895-1904, and also wrote a series of extensive critiques of Marxism . [ edit ] Biography
Ludwig Heinrich Edler von Mises ( German: [ˈluːtvɪç fɔn ˈmiːzəs] ; 29 September 1881 – 10 October 1973) was a philosopher , Austrian School economist , sociologist , and classical liberal . He became a prominent figure in the Austrian School of economic thought and is best known for his work on praxeology . Fearing a Nazi takeover of Switzerland, where he was living at the time, Mises emigrated to the United States in 1940.
Friedrich August Hayek CH ( German: [ˈfʁiːdʁɪç ˈaʊ̯ɡʊst ˈhaɪ̯ɛk] ; 8 May 1899 – 23 March 1992), born in Austria-Hungary as Friedrich August von Hayek and frequently known as F. A. Hayek , was an Austrian, later turned British, [ 1 ] economist and philosopher best known for his defense of classical liberalism . In 1974, Hayek shared the Nobel Memorial Prize in Economic Sciences (with Gunnar Myrdal ) for his "pioneering work in the theory of money and economic fluctuations and ... penetrating analysis of the interdependence of economic, social and institutional phenomena". [ 2 ] Hayek is a major economist [ 3 ] and political thinker of the twentieth century. [ 4 ] Hayek's account of how changing prices communicate information which enables individuals to coordinate their plans is widely regarded as an important achievement in economics . [ 5 ] He also contributed to the fields of systems thinking , jurisprudence , neuroscience and the history of ideas. [ 6 ]