/r/NewAustrianSociety
OUR AUSTRIAN SUB PHILOSOPHY
The New Austrian Society seeks to promote Austrian economics and libertarian philosophy into a new direction for a new century. Other perspectives or views are not to be rejected out of hand if they can be utilized properly within a more advanced Austrian framework. Please review our rules before posting or commenting.
The New Austrian Society seeks to promote Austrian economics and libertarian philosophy into a new direction for a new century.
Other perspectives or views are not to be rejected out of hand if they can be utilized properly within the Austrian framework.
We welcome the work of lesser known Austrians and fellow travelers like James Buchanan, Leland Yeager, William Woolsey, Ludwig Lachmann, Axel Leijonhufvud, Mario Rizzo, Karen Vaughn, & Peter Lewin.
I Label your posts [ETHICAL] or [VALUE-FREE] in the post next to the title. We want to separate debate about economics from debate about political philosophy or ethics. Discussions under the first label will only center around morality and political philosophy. Discussions under the second label will only be based on pure economic theory. If a comment in a value-free post is ethically-based, it will be deleted, and vice versa. Posts with no label will be deleted as well.
II When posting a link, write a short paragraph in the comment section explaining why it is important to Austrian economics, or which part of the video you want to discuss and why. Context is important and sometimes members don't have time to watch a 90 minute video. Posts that don't follow this will be deleted.
III No Memes, only serious content.
IV The purpose of this sub is to have quality discussion. Don't just throw insults or say things like "You're wrong" or "learn economics" without providing economic theory/evidence backing it up. These types of comments will be deleted. Instead, give your own viewpoints and evidence as to why the other person is wrong.
V Be sure to add a flair to your post to indicate what the general topic is. Those posts without flairs will be deleted.
VI In addition to the above rules that have been set out for this community, users must also adhere to all the rules of Reddit that have been established by the admins.
AUSTRIAN BLOGS:
Foundation for Economic Education
Related Subs
TEXTBOOK
The Economic Way of Thinking: Paul Heyne, Peter Boettke, & David Prychitko
ADVANCED AUSTRIAN MONETARY THEORY
Time and Money: Roger Garrison
Money: Sound and Unsound: Joe Salerno
Microfoundations and Macroeconomics: Steve Horwitz
The Theory of Money and Credit: Ludwig von Mises
The Fluttering Veil: Leland Yeager
A History of Money and Banking in the United States: Murray Rothbard
Boom and Bust Banking: David Beckworth
Monetary Kaleidics: Austro-Punk
ADVANCED CAPITAL THEORY
Capital and Its Structure: Ludwig Lachmann
Capital, Interest, and Rent: Frank Fetter
The Structure of Production: Mark Skousen
Capital in Disequilibrium: Peter Lewin
Essays on Capital and Interest: Israel Kirzner
The Stock Market, Credit, and Capital Formation: Fritz Machlup
The Pure Theory of Capital: F. A. Hayek
ADVANCED BUSINESS CYCLE THEORY
Money, Bank Credit, and Economic Cycles: Jesus Huerta de Soto
Prices and Production: F.A. Hayek
The Failure of the New Economics: Henry Hazlitt
Profits, Interest, and Investment: F.A. Hayek
The Great Depression: Lionel Robbins
ADVANCED ENTREPRENEURSHIP
Entrepreneurial Discovery and the Competitive Market Process- An Austrian Approach: Israel Kirzner
The Capitalist and the Entrepreneur: Peter Klein
Capital, Expectations, and the Market Process: Ludwig Lachmann
Entrepreneurial Alertness and Opportunity Discovery: Peter Klein and Nicolai J. Foss
MISCELLANEOUS
Markets Not Capitalism: Gary Chartier & Charles W. Johnson
The Economics and Ethics of Private Property: Hans Hermann Hoppe
Calculation and Coordination: Peter Boettke
Man, Economy, and Liberty: Essays in Honor of Murray Rothbard: Walter Block
/r/NewAustrianSociety
Hello all!
I recently published my first book, Praxeological Ethics. As the name implies, the book takes the science of Praxeology - as laid out by Ludwig von Mises - and shows how we can understand ethics through applications of Praxeological concepts. I go on to show the implications this has for lots of important ethical questions, such as the Is-Ought Problem, the philosophical basis of moral principles, systems of law, and more. Even if you don't agree with all my conclusions, I can guarantee you will at least find it interesting.
You can find it on Amazon, but there is also a free PDF copy of it in the Austrian Economics Discord Server (DM for server link). Let me know what you guys think of it.
Amazon link: https://www.amazon.com/dp/B0D96GTBY9
Why are some austrian economists critical of Mises monopoly price thoery despite him never using it to support anti trust law, something that he as far as I know he never supported.
Title question. I am a fan of anarcho-capitalists like Michael Huemer, David Friedman, and Bryan Caplan. I also would like to know your thoughts on Gold standard vs FIAT. By the way, I found this subreddit because of Rob Thorpe and I deeply respect Rob Thorpe.
As far as I can understand (I am a newbie so bear with me), Hayekian side of Austrian School is methodologically more empirical and Hayek made a departure from praxeology. I wanna learn about Hayekian side of school so I would really appreciate some resources to read more, aside from Hayek himself, or explanations about the emprirical side of the Austrian School. I really enjoyed reading some of Hayek's ideas like Spontenous Order and The Use of Knowledge
All my instincts from what I've read are that inflation benefits big banks and the big corporations taking loans from them at the expense of others, but I've run into an econometric argument saying the reverse.
Do you know any good recommended readings on this, ideally with data?
Theory is fine too: I've read Man, Economy, and State, but it's been awhile.
I recently stumbled upon an interesting article that explores the topic of bank failures. Thoughts?
https://austrianeconomics.substack.com/p/bank-failures-frequently-questioned
I know there has already been a post on this, but I thought another wouldn't hurt.
It is a badly kept secret that there is a Discord server on Austrian Economics. I know that Discord has a reputation as system only used by gamers. But listen to me for a minute....
Every year the server has a conference. Notable Austrian Economists are invited to present. That will be done using Discord's audio and video conferencing features. This year the conference will be on Sat 7th Jan and Sun 8th Jan.
This year, lots of people who you'll have heard of (if you follow Austrian Econ!) will be speaking. The topic is "Inflation money and the state".
The following economists be speaking:
I'm not an organizer of all this. But, I attended last year, and I thought it was great. This year there are many more speaker than last year.
Dates and times: Jan 7th & 8th. Each session will be from 1pm to 4pm EST. This is the server's web address.
Hello all! In this upcoming week, the Austrian Economics Discord is hosting our second annual Austrian Economics Discord Conference! We have a great slate of speakers confirmed for the event, and we will have time set aside for a Q-and-A with each one of them. The conference will be on January 7th and 8th, from 1 PM EST - 4 PM EST each day. You can join the server with the link below, and I hope I'll see you all there!
https://discord.gg/the-austrian-economics-discord-server-tm-463155981820493824
Let's look back at some memorable moments and interesting insights from last year.
Your top 10 posts:
Howdy all. Me and the folks on the Austrian Economics Discord Server are starting up a book club going through Per Bylund's new primer on Economics, "How to Think About the Economy". Its a great book for anyone unfamiliar with Economics and looking for a place to dive in. If you are interested in joining the book club, or just want to hop in the server to chat with like-minded people, use the link below. Cheers!