The Austrian School is a heterodox school of economic thought that advocates strict adherence to methodological individualism, the concept that social phenomena result primarily from the motivations and actions of individuals and their self interest. Austrian school theorists hold that economic theory should be exclusively derived from basic principles of human action.
Murray Newton Rothbard was an American economist of the Austrian School, economic historian, political theorist, and activist. Rothbard was a central figure in the 20th-century American libertarian movement, particularly its right-wing strands, and was a founder and leading theoretician of anarcho-capitalism. He wrote over twenty books on political theory, history, economics, and other subjects.
Hans-Hermann Hoppe is a German-American academic associated with Austrian School economics, anarcho-capitalism, right-wing libertarianism, and opposition to democracy. He is professor emeritus of economics at the University of Nevada, Las Vegas (UNLV), senior fellow of the Mises Institute think tank, and the founder and president of the Property and Freedom Society.
The Ludwig von Mises Institute for Austrian Economics, or Mises Institute, is a nonprofit think tank headquartered in Auburn, Alabama, that is a center for radical right-wing libertarian thought and the paleolibertarian and anarcho-capitalist movements in the United States. It is named after the economist Ludwig von Mises (1881–1973) and promotes heterodox Misesian Austrian economics.
Llewellyn Harrison Rockwell Jr. is an American author, editor, and political consultant. A libertarian and a self-professed anarcho-capitalist, he founded and is the chairman of the Mises Institute, a non-profit promoting the Austrian School of economics.
Paleolibertarianism is a libertarian political activism strategy aimed at uniting libertarians and paleoconservatives. It was developed by American anarcho-capitalist theorists Murray Rothbard and Lew Rockwell in the American political context after the end of the Cold War. From 1989 to 1995, they sought to communicate libertarian notions of opposition to government intervention by using messages accessible to the working class and middle class people of the time. They combined libertarian free market views with the cultural conservatism of paleoconservatism, while also opposing protectionism. The strategy also embraced the paleoconservative reverence for tradition and religion. This approach, usually identified as right-wing populism, was intended to radicalize citizens against the state. The name they chose for this style of activism evoked the roots of modern libertarianism, hence the prefix paleo. That founding movement was American classical liberalism, which shared the anti-war and anti-New Deal sentiments of the Old Right in the first half of the 20th century. Paleolibertarianism is generally seen as a right-wing ideology.
Mark Thornton is an American economist of the Austrian School. He has written on the topic of prohibition of drugs, the economics of the American Civil War, and the "Skyscraper Index". He is a Senior Fellow with the Ludwig von Mises Institute in Alabama and a Research Fellow with the Independent Institute.
In the United States, libertarianism is a political philosophy promoting individual liberty. According to common meanings of conservatism and liberalism in the United States, libertarianism has been described as conservative on economic issues and liberal on personal freedom, often associated with a foreign policy of non-interventionism. Broadly, there are four principal traditions within libertarianism, namely the libertarianism that developed in the mid-20th century out of the revival tradition of classical liberalism in the United States after liberalism associated with the New Deal; the libertarianism developed in the 1950s by anarcho-capitalist author Murray Rothbard, who based it on the anti-New Deal Old Right and 19th-century libertarianism and American individualist anarchists such as Benjamin Tucker and Lysander Spooner while rejecting the labor theory of value in favor of Austrian School economics and the subjective theory of value; the libertarianism developed in the 1970s by Robert Nozick and founded in American and European classical liberal traditions; and the libertarianism associated with the Libertarian Party, which was founded in 1971, including politicians such as David Nolan and Ron Paul.
Ludwig Heinrich Edler von Mises was an Austrian–American Austrian School economist, historian, logician, and sociologist. Mises wrote and lectured extensively on the societal contributions of classical liberalism and the power of consumers. He is best known for his work on praxeology studies comparing communism and capitalism.
Right-libertarianism, also known as libertarian capitalism, or right-wing libertarianism, is a libertarian political philosophy that supports capitalist property rights and defends market distribution of natural resources and private property. The term right-libertarianism is used to distinguish this class of views on the nature of property and capital from left-libertarianism, a type of libertarianism that combines self-ownership with an egalitarian approach to property and income. In contrast to socialist libertarianism, right-libertarianism supports free-market capitalism. Like most forms of libertarianism, it supports civil liberties, especially natural law, negative rights, the non-aggression principle, and a major reversal of the modern welfare state.
The Libertarian Forum was an anarcho-capitalist magazine published about twice a month from 1969 to 1984. Its editor and chief author was Murray Rothbard; initially, Karl Hess also served as Washington editor. Currently all the issues are available in the book compilation The Complete Libertarian Forum 1969–1984.
Frank Albert Fetter was an American economist of the Austrian School. Fetter's treatise, The Principles of Economics, contributed to an increased American interest in the Austrian School, including the theories of Eugen von Böhm-Bawerk, Friedrich von Wieser, and Ludwig von Mises.
The Panic of 1819: Reactions and Policies is a 1962 book by the economist Murray Rothbard, in which the author discusses what he calls the first great economic crisis of the United States. The book is based on his doctoral dissertation in economics at Columbia University during the mid-1950s.
Libertarian conservatism, also referred to as conservative libertarianism and conservatarianism, is a political and social philosophy that combines conservatism and libertarianism, representing the libertarian wing of conservatism and vice versa.
Walter Edward Block is an American Austrian School economist and anarcho-capitalist theorist. He was the Harold E. Wirth Eminent Scholar Endowed Chair in Economics at the School of Business at Loyola University New Orleans and a senior fellow of the non-profit think-tank Ludwig von Mises Institute in Auburn, Alabama.
Floyd Arthur "Baldy" Harper was an American academic, economist and writer who was best known for founding the Institute for Humane Studies in 1961.
David Gordon is an American libertarian philosopher and intellectual historian influenced by Murray Rothbard's views of economics. He is a senior fellow of the Ludwig von Mises Institute, a libertarian think tank, and is the editor of The Mises Review.
Norman Patrick Barry was an English political philosopher best known as an exponent of classical liberalism. For much of his career he was a professor of social and political theory at the University of Buckingham.
Jörg Guido Hülsmann is a German-born economist who studies issues related to money, banking, monetary policy, macroeconomics, and financial markets. Hülsmann is professor of economics at the University of Angers’ School of Law, Economics, and Management.
