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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

Murray N. Rothbard was an economist and intellectual who made major contributions to economics, political philosophy (libertarianism in particular), economic history and legal theory. He developed and extended the Austrian economics of Ludwig von Mises, and combined it with a fervent commitment to individual liberty. He developed a unique synthesis that combined themes from nineteenth-century American individualist-anarchists such as Lysander Spooner and Benjamin Tucker with Austrian economics. (more...)

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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.