Schools of Thought in Classical Liberalism, Part 4: The Austrian School

Nigel Ashford

Dr. Nigel Ashford is senior program officer at the Institute for Humane Studies. He joined IHS from the United Kingdom where he was a professor of politics at Staffordshire University.

What is the “Austrian School” of economics? When people refer to the Austrians, they are usually referring to the ideas of Friedrich Hayek and Ludwig von Mises. In this video, Professor Nigel Ashford outlines the basic beliefs of these two prominent economists. While the two agree that government should be limited, they also disagree on many points.

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