The Austrian School is a heterodox school of economic thought that is based on methodological individualism, the concept that social phenomena result exclusively from the motivations and actions of individuals.
David Director Friedman is an American economist, physicist, legal scholar, and anarcho-capitalist theorist, described by Walter E. Block as a "free-market anarchist". Although he studied chemistry and physics and not law or economics, he is known for his textbook writings on microeconomics and the libertarian theory of anarcho-capitalism, which is the subject of his most popular book, The Machinery of Freedom. He has also authored several other books and articles, including Price Theory: An Intermediate Text (1986), Law's Order: What Economics Has to Do with Law and Why It Matters (2000), Hidden Order: The Economics of Everyday Life (1996), and Future Imperfect (2008).
Murray Newton Rothbard was an American heterodox economist of the Austrian School, economic historian and political theorist. Rothbard was a founder and leading theoretician of anarcho-capitalism and a central figure in the 20th-century American libertarian movement. He wrote over twenty books on political theory, history, economics, and other subjects.
James McGill Buchanan Jr. was an American economist known for his work on public choice theory, for which he received the Nobel Memorial Prize in Economic Sciences in 1986. Buchanan's work initiated research on how politicians' and bureaucrats' self-interest, utility maximization, and other non-wealth-maximizing considerations affect their decision-making. He was a member of the Board of Advisors of The Independent Institute as well as of the Institute of Economic Affairs, a member of the Mont Pelerin Society, a Distinguished Senior Fellow of the Cato Institute, and professor at George Mason University.
Henry Stuart Hazlitt was an American journalist who wrote about business and economics for such publications as The Wall Street Journal, The Nation, The American Mercury, Newsweek, and The New York Times.
The Ludwig von Mises Institute for Austrian Economics, or Mises Institute, is a libertarian nonprofit think tank located in Auburn, Alabama, United States. It is named after Austrian School economist Ludwig von Mises (1881–1973).
Rent-seeking is the effort to increase one's share of existing wealth without creating new wealth. Rent-seeking results in reduced economic efficiency through misallocation of resources, reduced wealth creation, lost government revenue, heightened income inequality, and potential national decline.
The Chicago school of economics is a neoclassical school of economic thought associated with the work of the faculty at the University of Chicago, some of whom have constructed and popularized its principles. Milton Friedman and George Stigler are considered the leading scholars of the Chicago school.
George Joseph Stigler was an American economist, the 1982 laureate in Nobel Memorial Prize in Economic Sciences and a key leader of the Chicago school of economics.
Gordon Tullock was an economist and professor of law and Economics at the George Mason University School of Law. He is best known for his work on public choice theory, the application of economic thinking to political issues. He was one of the founding figures in his field.
Richard M. Ebeling is an American libertarian author who was the president of the Foundation for Economic Education (FEE) from 2003 to 2008. Ebeling is currently the BB&T Distinguished Professor of Ethics and Free Enterprise Leadership at The Citadel in Charleston, South Carolina.
Donald Joseph Boudreaux is an American economist, author, professor, and co-director of the Program on the American Economy and Globalization at the Mercatus Center at George Mason University in Fairfax, Virginia.
Jeffrey Albert Tucker is an American economics writer of the Austrian School, an advocate of anarcho-capitalism and Bitcoin, a publisher of libertarian books, a conference speaker, and an internet entrepreneur.
Ralph Raico was an American libertarian historian of European liberalism and a professor of history at Buffalo State College.
Ludwig Heinrich Edler von Mises was an Austrian School economist, historian, logician, and sociologist. Mises wrote and lectured extensively on the societal contributions of classical liberalism. He is best known for his work on praxeology studies comparing communism and capitalism. He is considered one of the most influential economic and political thinkers of the 20th century.
Steven G. Horwitz was an American economist of the Austrian School. Horwitz was the Distinguished Professor of Free Enterprise in the Department of Economics in the Miller College of Business at Ball State University in Muncie, Indiana. In 2017, he retired as the Dana Professor of Economics Emeritus at St. Lawrence University.
Edward Peter Stringham is an Austrian School American economist, former President of the American Institute for Economic Research in Great Barrington, Massachusetts, and the Davis Professor of Economic Innovation at Trinity College (Connecticut).
Percy L. Greaves Jr. was an American free-market economist, historian, and presidential candidate.
William Herbert Peterson was an American economist who wrote on the insights of Ludwig von Mises through teaching, writing, and speaking on the relationship between free enterprise and human liberty. Peterson died in 2012 at the age of 91.
George Stanford Tolley was an agricultural economist at the University of Chicago. Along with the faculty at the University of Chicago, he has worked on the faculty of North Carolina State University. In 1965–1966, he was Director of the Economic Development Division of the Economic Research Service at the US Department of Agriculture, and in 1974–1975 he was Deputy Assistant Secretary and Director of the Office of Tax Analysis at the US Department of Treasury.
