List of Austrian School economists

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

Image Name Year of birth Year of death Nationality Alma mater
Carl Menger18401921AustrianJagiellonian UniversityFounder 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.
Eugen von Böhm-Bawerk18511914Austro-HungarianUniversity of Heidelberg
University of Leipzig
University of Jena
Wrote the three volume magnum-opus Capital and Interest.
Friedrich von Wieser18511926Austro-HungarianUniversity of ViennaWieser 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.
Frank Fetter18631949AmericanUniversity of HalleFetter'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.
Ludwig von Mises18811973AustrianUniversity of ViennaHe 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.
Benjamin Anderson18861949AmericanColumbia UniversityAccording to Mises, Anderson was "one of the outstanding characters in this age of the supremacy of time-servers."[1]
Henry Hazlitt18941993AmericanAmerican 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]
Frederick Nymeyer18971981American
Friedrich Hayek18991992AustrianUniversity of ViennaIn 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]
William Harold Hutt18991988British
Gottfried von Haberler19001995Austrian
Fritz Machlup19021983Austro-HungarianUniversity of Vienna
Paul Rosenstein-Rodan19021985Polish
Ludwig Lachmann19061990GermanUniversity of BerlinLachmann's ideas continue to influence contemporary social science research. Many social scientific disciplines explicitly or implicitly build on "radical subjectivist" Austrian economics.
Kurt Richebächer19182007German
Hans Sennholz19222007German-AmericanNew York University
University of Cologne
Murray Rothbard19261995AmericanColumbia UniversityAmerican 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]
Israel Kirzner1930LivingAmericanNew York UniversityKirzner's major work is in the economics of knowledge and entrepreneurship and the ethics of markets.
Ernest C. Pasour1932LivingAmericanMichigan State University
Ralph Raico19362016AmericanUniversity of Chicago
George Reisman1937LivingAmericanNew York University
Pascal Salin1939LivingFrenchParis Dauphine University
Henri Lepage1941LivingFrench
Walter Block1941LivingAmericanColumbia University
Robert Higgs1944LivingAmericanJohns Hopkins University
Roger Garrison1944LivingAmericanUniversity of Virginia
Marc Faber1946LivingSwissUniversity of Zurich
Mark Skousen1947LivingAmericanGeorge Washington University
David Gordon1948LivingAmericanUCLA
Hans-Hermann Hoppe1949LivingGermanGoethe University Frankfurt
Joseph Salerno1950LivingAmericanRutgers University
Randall G. Holcombe1950LivingAmericanFlorida State University
Richard Ebeling1950LivingAmericanMiddlesex University
Don Lavoie19512001AmericanNew York University
Lawrence Reed1953LivingAmericanSlippery Rock University of Pennsylvania
Lawrence H. White1954LivingAmericanUCLA
Russell Roberts1954LivingAmericanUniversity of Chicago
Jesús Huerta de Soto1956LivingSpanishComplutense University of Madrid
Donald J. Boudreaux1958LivingAmericanAuburn University
Mark Thornton1960LivingAmericanAuburn University
Peter Boettke1960LivingAmericanGeorge Mason University
David Prychitko1962LivingAmericanGeorge Mason University
Peter Schiff1963LivingAmericanUniversity of California, BerkeleyHost 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."
Steven Horwitz1964LivingAmericanGeorge Mason University
Peter G. Klein1966LivingAmericanUniversity of California, Berkeley
Jörg Guido Hülsmann1966LivingGermanTechnical University of Berlin
Mark Spitznagel1971LivingAmericanNew York University
Robert P. Murphy1976LivingAmericanNew York University
Christopher Coyne1977LivingAmericanGeorge Mason University
Peter Leeson1979LivingAmericanGeorge Mason University


  1. Thornton, Mark. "Who is Benjamin Anderson?"
  2. George H. Nash, The Conservative Intellectual Movement in America (1976) pp. 418–20.
  3. Bank of Sweden (1974). "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1974".
  4. Miller, David, ed. (1991). Blackwell Encyclopaedia of Political Thought. Blackwell Publishing. ISBN 0-631-17944-5.
  5. Wendy McElroy. "Murray N. Rothbard: Mr. Libertarian". Lew Rockwell. July 6, 2000.
  6. F. Eugene Heathe. Encyclopedia of Business Ethics and Society. SAGE. 2007. p. 89
  7. Doherty, Brian (2008). "Rothbard, Murray (1926–1995)". In Hamowy, Ronald (ed.). The Encyclopedia of Libertarianism. Thousand Oaks, Calif.: SAGE; Cato Institute. pp. 441–44. doi:10.4135/9781412965811.n271. ISBN 978-1-4129-6580-4. LCCN 2008009151. OCLC 750831024.

Further reading

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