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Welcome to the Austrian Economics Wiki A free encyclopedia of Austrian economics and the libertarian tradition The Austrian Economics Wiki is a free, in-depth encyclopedia of the Austrian School of economics and the broader libertarian and classical-liberal tradition — from praxeology and the subjective theory of value to the business cycle, the economic calculation problem, and sound money. Its 1,416 articles explain the ideas, arguments, and thinkers of free-market economics for students, teachers, and the merely curious. It is the reference companion to the Free Capitalists book and media library — over 1,800 books, journals, and recorded lectures on liberty and economics — giving a new generation of readers one place to look up a concept, trace an argument, or meet a thinker. The corpus continues the Mises Wiki as it stood in 2014, restored here with full revision history and original authorship. Editing is open again — create an account to contribute, or see the about page for more.

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New here? Start with these Never studied economics? Begin with the Austrian School, then praxeology — why Austrians reason from human action — and the subjective theory of value. Want to understand booms and busts? Read the Austrian business cycle theory and the economic calculation problem — the Austrian case against central planning and easy money. Here for the thinkers? Meet Carl Menger, Ludwig von Mises, Friedrich Hayek, and Murray Rothbard — and read Mises's Human Action. Featured article The Austrian School of Economics derives its name from its Austrian founders and early supporters, including Carl Menger, Eugen von Böhm-Bawerk and Ludwig von Mises. Other significant economists include Henry Hazlitt, Murray Rothbard and Nobel Laureate Friedrich Hayek. This school emphasizes the spontaneous organizing power of the price mechanism and holds that the complexity of subjective human choices makes mathematical modeling of the evolving market extremely difficult (or impossible). Its proponents tend to advocate a laissez faire approach to the economy and the enforcement of voluntary contractual agreements between economic agents, but otherwise the smallest imposition of coercive force (especially government-imposed) on commercial transactions. (more...) Edit this box

Read the source texts Every idea in this wiki traces back to a book, essay, or lecture. Read them in full at the Free Capitalists library — 1,800+ works by Mises, Hayek, Rothbard, Menger, and more, free to download. More at freecapitalists.org. This week in history August 9 (add): 1974 – President Richard Nixon became the first President to resign from office, following the revelation of his purported involvement in the Watergate scandal.