Mises and Other Luminaries of Austrian Economics

June 2, 2015—On this episode of The Libertarian Angle, the president and founder of the Future of Freedom Foundation, Jacob Hornberger, welcomes Peter Boettke, University Professor of Economics and Philosophy at George Mason University, to talk Austrian economics.

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The Austrian School of economics can be complicated, but Hornberger sees Boettke as one of the few academics who is able to engage with a lay audience on the subject.

“Ludwig von Mises, in my opinion, is the greatest economist who ever lived,” Boettke proclaims before summarizing Mises’s impact, direct and indirect, on the development of Austrian economics.

Boettke further explains how other schools of economics fall short in the face of what Austrian economics teaches.

“The ability of the Austrians to explain real price formation as opposed to the developing of a model price is totally different and it’s very vitally important.”

Why do you think Austrian economics is gaining popularity? Share your thoughts in the comments.

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