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Source link: http://archive.mises.org/7308/the-market-for-austrian-economics/

The Market for Austrian Economics

October 16, 2007 by

Around the world there are many academics who make a living from Austrian economics. They write books, publish articles, organize conferences and are the people at the forefront of the movement. By constantly critiquing themselves and others, they build upon the Misesian framework, enriching, developing and deepening our understanding of praxeology. This group of people could be referred to as the producers of Austrian economics.

There is another group of course: the consumers of Austrianism. Though the producers of economic theory often write to other producers and peers, it is nonetheless true that people like myself and other non-academic/non-professional hobbyists enjoy and support what Hans-Hermann Hoppe calls the “anti-intellectual intellectuals.” Indeed, organizations such as the Mises Institute and the Instituto Juan de Mariana not only promote the creation of more theory but also its consumption and enjoyment outside of the inner core of economists, ethicists and philosophers.

The market for Austrian economics is growing and potentially huge. As people wake up from their dogmatic socialist slumber, correct epistemology and methodology must replace the debunked yet still popular positivism, scientism and historicism that are found in the mainstream media and academic thought.Full article is on LRC.


Jaq Phule October 16, 2007 at 9:30 am

“anti-intellectual intellectuals”

Well, if the shoe fits… but I’d prefer the term “nonacademic intellectual”.

nathan October 16, 2007 at 1:19 pm

Yeah, I also dislike that term. I’m very pro-intellectual, but I’m not an economist. The “non-academic” shoe fits better.

IMHO October 16, 2007 at 1:47 pm

Re anti-intellectual intellectuals

Since English is not Prof. Hoppe’s first language, I suspect that it was more a case of something being lost in the translation than anything else. Therefore the phrase does not bother me.

As for spreading the word about Austrian Economics, starting with something as simple as “The Broken Window” can make a difference.

Manuel, when I saw your portrait shot over at LRC, it suddenly reminded me of the head shot of a very famous Misesian. Was that planned or simply a coincidence? :)

Manuel Lora October 16, 2007 at 1:59 pm

It wasn’t planned to resemble anyone else, but it was a posed shot. Light was nice that day. Here’s a link to the original (taken several years ago):


new_england October 16, 2007 at 3:46 pm

As for spreading the word about Austrian Economics, starting with something as simple as “The Broken Window” can make a difference.

Funny you should say that. After reading the “One Lesson” post in the daily article section the other day I instantly ordered the book (13 bucks and change delivered can’t beat it).

Mike October 16, 2007 at 3:56 pm

My understanding of Hoppe is that “anti-intellectual” does not refer to non-academic intellectuals, but rather to academic intellectuals that reject the status quo and combat their colleagues’ ideological/factual failings.

IMHO October 16, 2007 at 4:15 pm


Thanks for letting me see the original. Also, the shots of the plantation were quite good. I have to give the photographer (you?) credit for not blowing out everything that was white, especially when you consider the fact that there was a “bald” sky and a lot of glare.

I liked the images of the sun coming through the window sheers and the path that leads away from the house and through the trees.

IMHO October 16, 2007 at 4:27 pm

New England,

I felt the same way about that book. I know many people (including myself) who said that they didn’t have a head for basic economics; however, when they read that first chapter, they got it.

If you like that, then you should read “That Which Is Seen, and That Which Is Not Seen,” by Bastiat. The link for that piece alone doesn’t appear to be working, but you can find it in Volume 1 of Bastiat’s complete works here at Mises:


new_england October 16, 2007 at 10:23 pm

Thanks I will check it out once I finish up with One Lesson. The first book I ordered from Mises was How Capitalism saved America then I ordered the Real Lincoln. I’m a history buff but I’ve been reading a lot more about economics.

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