The first thing to understand about the “Austrian School” is that it doesn’t exist. What Hayek, von Mises and others put forward is not Austrian at all; it is imperial British Economics, specifically the economics of the 19th century British Empire.
Read along here, https://www.larouchepac.com/it_s_time_to_learn_real_american_economics_part_2
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The first thing to understand about the “Austrian School” is that it doesn’t exist. What Hayek, von Mises and others put forward is not Austrian at all; it is imperial British Economics, specifically the economics of the 19th century British Empire.
Read along here, https://www.larouchepac.com/it_s_time_to_learn_real_american_economics_part_2
In 1461, only nine years after the birth of Leonardo da Vinci, Louis XI ascended the throne of France, this at a time when the radiance of the Italian Renaissance was approaching its zenith. The reign of Louis coincided with—and was a lawful product of—that Renaissance. This was the beginning of the modern sovereign nation state and the beginning of modern economics. Louis authored a book, Le Rosier des Guerres (“The Rosebush of Wars”), wherein he defined the raison d'être of the state to act on behalf of the Common Good; to act in such a way as to advance and improve the conditions of life of the people.
Read along here, https://www.larouchepac.com/it_s_time_to_learn_real_american_economics_part_5
Promethean Action
The first thing to understand about the “Austrian School” is that it doesn’t exist. What Hayek, von Mises and others put forward is not Austrian at all; it is imperial British Economics, specifically the economics of the 19th century British Empire.
Read along here, https://www.larouchepac.com/it_s_time_to_learn_real_american_economics_part_2
