History of the Austrian School of Economics

Oskar Lange was a Marxist economist and intellectual opponent of Mises. Late in his career, he sought to merge praxeology and Marxism. 

A sober look at the assumptions underlying neoclassical analysis reveals that they are either not realistic or not applicable in economic analyses of the real world.

If you want to know what Rothbard’s vision applied to contemporary America would be like in practice, you should look to Ron Paul. Dr. Paul’s career in Congress, marked by his opposition to war and the Fed, is the best example of the anti-elitist free market values that Murray supported.

The Austrian school has always been a very international movement, and the Mises Institute works to uphold that tradition.