List of Austrian-school economists explained

This is a list of notable economists aligned with the Austrian school who are sometimes colloquially called "the Austrians". This designation applies even though few hold Austrian citizenship; moreover, not all economists from Austria subscribe to the ideas of the Austrian school.

Austrian economists

ImageNameYear of birthYear of deathNationalityAlma mater
(postgraduate)
Notes
data-sort-value="Menger"1840 1921 AustrianFounder of the Austrian School of economics, famous for contributing to the development of the theory of marginal utility, which contested the cost-of-production theories of value, developed by the classical economists such as Adam Smith and David Ricardo.
data-sort-value="Böhm-Bawerk" 1851 1914 Wrote the three volume magnum-opus Capital and Interest.
data-sort-value="Wieser" 1851 1926 Wieser held posts at the universities of Vienna and Prague until succeeding Menger in Vienna in 1903, where, with brother-in-law Eugen von Böhm-Bawerk, he shaped the next generation of Austrian economists including Ludwig von Mises, Friedrich Hayek and Joseph Schumpeter in the late 1890s and early 20th century.
data-sort-value="Fetter" 1863 1949 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, Ludwig von Mises, and Friedrich Hayek.
data-sort-value="Mises" 1881 1973 AustrianHe published his magnum opus Human Action in 1949. Mises had a significant influence on the Libertarian movement that developed in the United States in the mid-20th century.
data-sort-name="Anderson" 1886 1949 According to Mises, Anderson was "one of the outstanding characters in this age of the supremacy of time-servers."[1]
data-sort-value="Hazlitt" 1894 1993 American economist, philosopher, literary critic, and journalist for such publications as The Wall Street Journal, The Nation, The American Mercury, Newsweek, and The New York Times, and he has been recognized as a leading interpreter of economic issues from the perspective of American conservatism and libertarianism.[2]
data-sort-value="Nymeyer" 1897 1981
data-sort-name="Hayek"1899 1992 AustrianIn 1974, Hayek shared the Nobel Memorial Prize in Economic Sciences for his "pioneering work in the theory of money and economic fluctuations and... penetrating analysis of the interdependence of economic, social and institutional phenomena."[3]
data-sort-name="Hutt" 1899 1988
data-sort-value="Haberler" 1900 1995 Austrian
data-sort-value="Machlup" 1902 1983
data-sort-value="Rosenstein-Rodan" 1902 1985
data-sort-name="Lachmann"1906 1990 Lachmann's ideas continue to influence contemporary social science research. Many social scientific disciplines explicitly or implicitly build on "radical subjectivist" Austrian economics.
data-sort-value="Richebächer" 1918 2007
data-sort-value="Sennholz" 1922 2007
data-sort-value="Rothbard" 1926 1995 American author and economist of the Austrian School who helped define capitalist libertarianism and popularized a form of free-market anarchism he termed "anarcho-capitalism."[4] [5] [6] Rothbard wrote over twenty books and is considered a centrally important figure in the American libertarian movement.[7]
data-sort-name="Kirzner" 1930 Living Kirzner's major work is in the economics of knowledge and entrepreneurship and the ethics of markets.
data-sort-value="Pasour" 1932 Living
data-sort-name="Raico" 1936 2016
data-sort-value="Reisman" 1937 Living
data-sort-value="Salin" 1939 Living
data-sort-value="Lepage" 1941 Living
data-sort-value="Block" 1941 Living
data-sort-value="Higgs" 1944 Living
data-sort-value="Garrison" 1944 Living
data-sort-value="Skousen" 1947 Living
data-sort-value="Gordon" 1948 Living
data-sort-value="Hoppe" 1949 Living
data-sort-value="Salerno" 1950 Living
data-sort-value="Holcombe" 1950 Living
data-sort-value="Ebeling" 1950 Living
data-sort-value="Lavoie" 1951 2001
data-sort-name="Reed" 1953 Living
data-sort-value="White" 1954 Living
data-sort-value="Roberts" 1954 Living
data-sort-value="de Soto" 1956 Living
data-sort-value="Boudreaux" 1958 Living
data-sort-value="Thornton" 1960 Living
data-sort-value="Boettke" 1960 Living
data-sort-value="Prychitko" 1962 Living
data-sort-value="Schiff" 1963 Living Host of the Peter Schiff Show, and is credited for "more or less accurately" predicting the financial crisis of 2007–2010 while the "easiest criticism of macroeconomists is that nearly all failed to foresee the recession despite plenty of warning signs."
data-sort-value="Horwitz" 1964 2021
data-sort-value="Klein" 1966 Living
data-sort-value="Hülsmann" 1966 Living
Javier Milei1970LivingArgentinianBelgrano UniversityHe became widely known for his regular TV appearances where he has been critical of Cristina Fernández de Kirchner, Mauricio Macri and Alberto Fernández administrations. He became a Federal Deputy in 2021 and was elected as President of Argentina in 2023, running on the La Libertad Avanza ticket and beating Peronist economy minister Sergio Massa in a landslide, thereby becoming the first ever Libertarian head of state, anywhere in the world
data-sort-value="Spitznagel" 1971 Living
data-sort-value="Murphy" 1976 Living
data-sort-value="Coyne" 1977 Living
data-sort-value="Leeson" 1979 Living

Related lists

Further reading

External links

Notes and References

  1. [Mark Thornton|Thornton, Mark]
  2. George H. Nash, The Conservative Intellectual Movement in America (1976) pp. 418–20.
  3. Web site: The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1974 . Bank of Sweden . 1974. Nobel Memorial Prize in Economic Sciences .
  4. Book: Miller, David . Blackwell Encyclopaedia of Political Thought . 1991 . . 0-631-17944-5 . David Miller (political theorist).
  5. Web site: Murray N. Rothbard: Mr. Libertarian . Wendy McElroy . Lew Rockwell. July 6, 2000.. Wendy McElroy.
  6. F. Eugene Heathe. Encyclopedia of Business Ethics and Society. SAGE. 2007. p. 89
  7. Encyclopedia: Doherty . Brian . Brian Doherty (journalist) . Ronald . Hamowy . Ronald Hamowy . The Encyclopedia of Libertarianism . Rothbard, Murray (1926–1995) . 2008 . Sage. Thousand Oaks, Calif. . 10.4135/9781412965811.n271 . 978-1-4129-6580-4 . 750831024 . 2008009151 . 441–444 .