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In the News (Fri 27 Nov 09)

  
  Mises Economics Blog: Austrian Economics and Libertarian Political Theory
In the Austrian description of the trade cycle, the lack of any generalized rise in the price of final consumption goods is never – repeat, never - to be taken as a sign of economic health or as a guide to the long-term viability of the upswing.
So, these Austrian guys, from what I remember, are uber-free market capitalists and are a strong intellectual foundation for the modern day Libertarian movement.
But apparently he was the intellectual father of the Austrian school...
blog.mises.org /blog   (3756 words)

  
  Austrian School - Wikipedia, the free encyclopedia
The Austrian School is a school of economic thought that rejects economists' overreliance on methods used in natural science for the study of human action, and instead bases its formalism on a logic of action known as praxeology.
Austrian economists developed a sense of themselves as a school distinct from neoclassical economics during the economic calculation debate, with Ludwig von Mises and Friedrich von Hayek representing the Austrian position, where they contended that without monetary prices or private property, meaningful economic calculation was impossible.
Austrian economists reject observation as a tool applicable to economics, saying that while it is appropriate in the natural sciences where factors can be isolated in laboratory conditions, acting human beings are too complex for this treatment.
en.wikipedia.org /wiki/Austrian_School   (1870 words)

  
 Austria - Wikipedia, the free encyclopedia
Known as the Austrian granite plateau, it is located in the central area of the Bohemian Mass, and accounts for 10% of Austria.
The Austrian portion of the Viennese basin comprises the remaining 4%.
The Slovenians in the Austrian state of Styria (estimated at a number between 1,600 and 5,000) are not recognized as a minority and do not enjoy special rights, although the State Treaty of July 27, 1955 states otherwise.
en.wikipedia.org /wiki/Austria   (3288 words)

  
 Austria on Encyclopedia.com   (Site not responding. Last check: 2007-10-15)
The Austrian peasantry, especially in Tyrol, had gained some advantages in the Peasants' War of 1524-26; in general, however, the rising, backed by some Protestants but not by Luther, was defeated.
Austrian leadership in Germany was reasserted at the Convention of Olmütz in 1850.
Important developments in Austrian society during this period were the continued irresponsibility of the nobility and the backwardness of the peasantry, the growth of a socialist working class, widespread anti-Semitism stimulated by the large-scale movement to Austria of poor Jews from the eastern provinces, and extraordinary cultural creativity in Vienna.
www.encyclopedia.com /html/section/austria_history.asp   (3583 words)

  
 CATHOLIC ENCYCLOPEDIA: Austro-Hungarian Monarchy
South of the Danube lie the Austrian Alpine provinces and the provinces of Carinthia and Carnola; north of the Danube are the Carpathian and Sudetic provinces.
The definition of the pope's infallibility afforded von Stremayr, the Austrian Minister of Instruction, a pretext to demand the abrogation of the Concordat, on the plea that the pope, one of the contracting parties, had received from the definition a new character, which invalidated the original agreement.
The Austrian bishops celebrated the diamond jubilee of the consecration of Leo XIII to the priesthood and the golden jubilee of his consecration to the episcopacy by joint letters of veneration to the Holy Father and by joint pastorals to the faithful.
www.newadvent.org /cathen/02121b.htm   (16978 words)

  
 Dolan, The Foundations of Modern Austrian Economics, Dolan, Austrian Economics as Extraordinary Science: Library of ...
Austrian writers are characteristically critical of the use of macroeconomic aggregates, especially when these appear as arguments in mathematical formulations that imply functional and/or causal relationships between aggregates.
The Austrian enterprise is also more ambitious because it insists on laying bare the true causal relationships at work in the social world and is not content to simply establish empirical regularities among dubious statistical aggregates.
Despite the fact that the gap between Austrian and orthodox economics may be narrower in the area last discussed than elsewhere, I think the evidence indicates that the modern Austrian school does present a truly distinct paradigm against the alternative of a distinction only between good economics and bad economics.
www.econlib.org /library/NPDBooks/Dolan/dlnFMA1.html   (4154 words)

  
 Austrian Economics, by Deborah L. Walker: The Concise Encyclopedia of Economics: Library of Economics and Liberty
Austrian analysis fell out of favor with the economics profession during the fifties and sixties, but the awarding of the Nobel Prize in economics to Hayek in 1974, coupled with the spread of Mises's ideas by his students and followers, led to a revival of the Austrian school.
Although Austrian economists are not alone in their methodological individualism, they do not stress the maximizing behavior of individuals in the same way as mainstream neoclassical economists.
The Austrian theory of the business cycle and of the inflationary process that takes place because of credit expansion through monetary policy, and the Austrian explanation of the emergence of money in a modern economy are also important contributions to economic analysis.
www.econlib.org /library/Enc/AustrianEconomics.html   (2196 words)

  
 Austrian Press & Information Service   (Site not responding. Last check: 2007-10-15)
Austrian wildlife is characteristic of central Europe: red deer, roe deer, hare, fox, badger, marten, squirrel, pheasant, partridge, etc. Typical Alpine fauna such as chamois, marmot and the Alpine cough are to be found in the mountainous regions, and the ibex is also breeding here again.
According to Austrian law ("law on the religious education of children"), every young person over the age of fourteen can freely choose his or her religion.
Religious education in Austrian schools is not restricted to the Roman Catholic confession: children belonging to smaller churches and religious communities receive religions education in their own confession.
www.austria.org /gen_info.shtml   (1013 words)

  
 THE AUSTRIAN SCHOOL
The "First" Generation of the Austrian School was composed of a pair Austrian professors who, although not directly students of Menger, were nonetheless heavily influenced by him: Friedrich von Wieser and Eugen von Böhm-Bawerk.
The Austrian School's traditional duel with the Marxians took on a new dimension when several prominent Paretians rode into the assistance of the Marxians by concurring with the possibility of an efficient socialist organization of economic society, what became known as the "Socialist Calculation" debate.
The Austrian theory of capital was maintained almost singlehandedly since the 1940s by Ludwig Lachmann, but was given an invigorating shot in the arm by the formidable effort of John Hicks (1973).
cepa.newschool.edu /het/schools/austrian.htm   (2417 words)

  
 USATODAY.com - Problems follow Austrian ski coach across the border   (Site not responding. Last check: 2007-10-15)
It was all part of a turmoil-filled 24 hours for the Austrian cross-country and biathlon teams — a day that included a nighttime raid, a last-place finish in a team event and the prospect of another doping scandal against the backdrop of the Winter Games' most stringent drug controls in history.
Austrian officials said Mayer had been in Italy in a private capacity and had no official connection with the team.
No Austrians have won a medal in biathlon or cross-country at the Torino Games; the highest finish in either sport by an Austrian athlete so far is Perner's fourth place in the men's biathlon 10km sprint.
www.usatoday.com /sports/olympics/torino/2006-02-20-mayer_x.htm   (1037 words)

  
 GlobaLex - The Austrian Legal System and Laws Guide
Austrian constitutional law was thus joined with EU law as the most fundamental source of law (Dual-constitution).
The elements of a crime (offences: tort and crime) are regulated either by the Austrian Criminal Law (StGB) or in one of the instruments of secondary legislation.
Austrian Law draws a basic distinction between two principal jurisdictions: (i) tribunals and courts concerned with public law matters, and (ii) the courts of ordinary jurisdiction.
www.nyulawglobal.org /globalex/austria.htm   (3310 words)

  
 Austrian Enginomics
Ludwig Von Mises was a brilliant Austrian known locally for his development of socialist theory.
Austrians believe that significant economic booms and busts are caused by central bank monetary policy.
Austrians use terms including malinvestment and misallocation of resources to describe such businesses and their activities.
www.austrianenginomics.com   (475 words)

  
 Fleet
Austrian serves together with their partners Lauda Air and Austrian arrows 130 destinations in 66 countries on 5 continents.
The Austrian Airlines Group fleet grows every year, thus continually lowering the average age of the aircraft.
With an average age of 7.6 years, the fleet of the Austrian Airlines Group is approximately 3 years younger than the European average and is one of the most modern in the world.
www.aua.com /at/eng/Austrian/Fleet   (197 words)

  
 What is Austrian Economics
The story of the Austrian School begins in the fifteenth century, when the followers of St. Thomas Aquinas, writing and teaching at the University of Salamanca in Spain, sought to explain the full range of human action and social organization.
It was his research and writing that solidified the status of the Austrian School as a unified way of looking at economic problems, and set the stage for the School to make huge inroads in the English-speaking world.
The debate between the Austrians and the socialists continued for the next decade and beyond, and, until the collapse of world socialism in 1989, academics had long thought that the debate was resolved in favor of the socialists.
www.mises.org /etexts/austrian.asp   (2808 words)

  
 Why I Am Not an Austrian Economist
Whatever Austrian economists have that is worth saying should be simply be addressed to the broader economics profession, which (in spite of itself) remains eager for original, true, and substantive ideas.
Austrians were entirely correct to decry the dinosaur Keynesians' neglect of the interaction between wages and employment.[55] Government officials, journalists, the general public, and weaker academics still need to learn this lesson.
The reasonable intellectual course for Austrian economists to take is to give up their quest for a paradigm shift and content themselves with sharing whatever valuable substantive contributions they have to offer with the rest of the economics profession - and of course, with the intellectually involved public.
www.gmu.edu /departments/economics/bcaplan/whyaust.htm   (10012 words)

  
 Papers and Links, on Subjectivist Economics, Austrian Economics, L.V. Mises, Entrepreneurship, H. Davenport.
Most of those who claim to be Austrian economists today are located in universities, where they face numerous constraints on their professional development and teaching.
The private foundations and institutes that support Austrian economics are dominated by free-market liberals whose main interest is not economic theory but the promotion of liberal economic policies.
It is mistaken to think that one could learn Austrian economics by studying the papers and books of professional economists whose goal is to achieve recognition by their peers.
www.constitution.org /pd/gunning/welcmise.htm   (844 words)

  
 Delicious Austrian Cuisine: Have food with Karin's Personal Chef Service
Austrian cuisine is similar to German cuisine, but with other, even exotic countries' culinary elements lingering from the days of the old Empire and therefore even more delicious!
"An der schönen blauen Donau" by the Austrian composer Johann Strauss Sr.
There is even an Austrian author (Adelheid Dahimène) who calls her soul a snow-white Meringue, which is a beautiful analogy to this wonderful pastry: pristine, fragile, volatile.
www.karincooks.com   (832 words)

  
 Open Directory - Science: Social Sciences: Economics: Schools of Thought: Austrian School   (Site not responding. Last check: 2007-10-15)
Austrian Capital Theory - Future of Macroeconomics - A paper from Roger Garrison exploring the difference between the Austrian School with Keynesianism and monetarism and predicting that the Austrian School will be taken more seriously in the future.
Austrian School of Economics - A collection of short essays hostile to the Austrian School of Economics.
Austrian School of Economics - An essay arguing that the "Austrian School is a classic example of crank science."
www.dmoz.org /Science/Social_Sciences/Economics/Schools_of_Thought/Austrian_School   (472 words)

  
 Austrian Airlines
The Austrian Group, a member of Star Alliance, operates a fleet of around 100 aircraft on routes all over the world from its Vienna hub.
The Austrian A330-200 DVD marks my 30th World Air Routes DVD added into the collection and this one continues to heighten my appreciating for such splendid work by the WAR team.
The tour of the maintenance hangars and shop and the briefings there by the Austrian Airlines spokesperson and maintenance supervisor were a welcome addition.
www.worldairroutes.com /Austrian.html   (667 words)

  
 Austrian Real Estate - Guide to purchasing real estate in Austria.
Austrian portion of foothills of the the Alps and the
Austrian portion of the Viennese basin (3700 km², 4.4%)
Austrians, by far the country's largest ethnic group, form between 85% and 89% of Austria's population.
austrianrealestate.com   (2916 words)

  
 Austrian Airlines   (Site not responding. Last check: 2007-10-15)
With an average age of 5.4 years (as at 15 June 2001), the fleet of the Austrian Airlines Group is 3 years younger than the European average and is one of the most modern in the world.
The Austrian Airlines Group sees the friendly and competent satisfaction of all the needs of its customers as a key to its market-related activities.
The four quality brands of the Austrian Airlines Group are well known by customers around the world for their high level of quality and friendliness.
www.tq3marine.com /ca/bm/rpb   (514 words)

  
 Margarita's Austrian Menu   (Site not responding. Last check: 2007-10-15)
Austrian food, however, is more sophisticated that I first gave it credit for.
Even now, Austrian cuisine varies considerably from region to region and even Viennese food is said to be distinct.
Austrian food might not be the most revered in the world, but Austrian cakes & pastries are second to none.
www.marga.org /food/int/austria   (491 words)

  
 Austria
The flag was not used after the Anschluß, or the unification with Nazi Germany in 1938, but was restored with independence in 1945.
The type of eagle on the flag drawn by Željko Heimer is that used by the Western Austrian flag factory; the flag drawn by Peter Diem is that used by the Eastern Austrian flag factory.
Duke Leopold V was supposedly granted these arms by King Henry VI, based on the battle-bloodied tunic of the duke, which had remained white only where covered by his wide belt.
flagspot.net /flags/at.html   (857 words)

  
 American-Austrian Society Events   (Site not responding. Last check: 2007-10-15)
Austrian wine, soft drinks, and English and Austrian hors d'oeuvres were served.
Austrian Certified master Chef Willi Jonach tempted palates with his excellent assortment of belegte Brötchen (deli canapes), a variety of Austrian pastries that included Vienna's finest Apfelstrudel, Kaffee mit Schlag (coffee with whipped cream) and tea.
AUSTRIAN INFORMATION presents in several issues excerpts of the book "Music in Austria," written by Harald Goertz, Bernhard G�nther, Andreas Felber, Franz Putz, Wolfgang Doringer and Mario Rossori, published by the Austrian Federal Press Service in 2000.
www.geocities.com /americanaustriansociety/aasevents.html   (1587 words)

  
 Austrian Yard - mini hotel in Saint-Petersburg, Russia
Here you can get information about one of the most comfortable mini-hotels in St.Petersburg and walk virtually along nearest streets, review and book a room and also order a guide, excursions, meeting at the airport and more.
It takes you 5 minutes to get to "Austrian yard" from "Chernyshevskaya" metro-station.
You can be sure that if you decide to stay at “Austrian Yard” you will be met by hospitable personal and will find unique interior design, comfort and safety.
www.austrianyard.com   (104 words)

  
 Austrian School Economists
Working in the intellectual tradition of Ludwig von Mises(1881-1973) and Murray N. Rothbard (1926-1995), with a vast array of publications, programs, and fellowships, the Mises Institute seeks a radical shift in the intellectual climate as the foundation for a renewal of the free and prosperous commonwealth.
The foundations of the Austrian School of Economics were laid, and the blueprint for its future development drawn, with the publication in 1871 of Menger's Grundsätze der Volkswirthschaftslehre (English translation, Principles of Economics).
Austrian analysis provides a superior basis for correctly informing the general population about why capitalist societies are the best societies.
www.angelfire.com /pa/sergeman/issues/austrian/main.html   (2535 words)

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