Austrian School of Economics for (LvMI)

This insightful essay offers an exceptional intellectual history of Mises's own tradition, providing first-person accounts of conversations with renowned figures. Remarkably, Mises has written the single best account of the origin and early growth of the Austrian School.

Mises delves into the intellectual milieu that gave rise to the Austrian School, recalling a vivid conversation he had with Carl Menger. He recounts this exchange as if it had occurred just yesterday, lending a captivating immediacy to his narrative.

Furthermore, Mises explores how the enemies of the Austrians bestowed the school with its label, only to have it backfire on the historical school. He demonstrates that Austrian economists have consistently maintained their independence, remaining unaffiliated with the leviathan state and its approved institutions.

This essay, first published in 1969 and one of Mises's final works, stands as a crucial text for understanding the history of this intellectual tradition. It serves as a valuable resource for those seeking to delve deeper into the origins and development of the Austrian School.

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