The Viennese culture of conversation: Understanding and defending fragile orders

by Stefan Kolev* For a better understanding of the turbulences of our time, studying those earlier politico-economic debates which focused on fragile orders of economy and society can certainly prove insightful. In The Viennese Students of Civilization, Erwin Dekker addresses such an age and interprets the works and impact of economists often labeled as the … Continue reading The Viennese culture of conversation: Understanding and defending fragile orders

How to Teach the History of Economic Thought

by Gene Callahan I was recently asked about a good textbook to use in teaching the history of economic thought. Well, last year I had used William Barber's book, and found it wholly adequate. But as I was teaching the course, I became somewhat uneasy about the textbook approach. I started to feel I was … Continue reading How to Teach the History of Economic Thought

David Hume and Friedrich Hayek: Classical Liberal Giants

by Mario Rizzo I have just discovered the wonderful coincidence that May 7th is David Hume’s birthday and May 8th, as I have known, is Friedrich Hayek’s birthday. It is Hume’s 300th birthday – how amazing that he is still so relevant in a myriad of ways. It is Hayek’s 112th birthday. As most of our … Continue reading David Hume and Friedrich Hayek: Classical Liberal Giants

Happy Birthday, Carl Menger

by Mario Rizzo  Today is the birthday of Carl Menger, born February 23, 1840. Menger was, of course, the founder of the Austrian School of Economics. His Principles of Economics, a great achievement for its time, is still well worth reading. It conveys like no other book at the time (and unlike most basic texts … Continue reading Happy Birthday, Carl Menger

Broadening Economics Education

by Mario Rizzo   Policy Ideas in the History of Economic Thought It is no exaggeration to say that if a bright undergraduate wants to get into a top Ph.D. program he needs to take a good deal of mathematics. Many advisors will recommend a minor in mathematics or even a double major in mathematics and … Continue reading Broadening Economics Education

Has Anyone Ever Tried to Formalize Austrian Economics?

by Gene Callahan I've been asked that question several times (often via e-mail from some reader of an online article of mine.) Well, Monday, at our colloquium, we discussed a paper presented by the Italian economist Giandomenica Becchio on the economic (and ethical) work of Karl Menger, the son of the founding Austrian economist Carl … Continue reading Has Anyone Ever Tried to Formalize Austrian Economics?