Joseph Salerno
Mises Institute
New York, NY, United States
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Past articles by Joseph:
Mises University 2023
Austrian Economics Rooted in the tradition of Carl Menger and Ludwig von Mises, as well as Murray Rothbard and F.A. Hayek, the Austrian school offers a rigorous and logical approach to economics that gives free markets their due and takes full account of the reality of human choice. More than a field within economics, the Austrian school is an entirely different approach that dissents from the… → Read More
Mises University 2022
Important notice for international travelers: The Biden Administration requires foreign international travelers to be fully vaccinated to enter the United States. All international travelers must submit proof of a negative covid test result prior to entry. For more information, please see here or contact your local embassy. Students apply for a scholarship here. Austrian Economics Rooted in the… → Read More
Memories of Murray on His Ninety-Fifth Birthday
I first met Murray Rothbard when, as treasurer of the New Jersey Libertarian Party, I invited him to give the keynote address at our inaugural convention. He graciously agreed to do it for the paltry sum of $75 plus a puny chicken dinner. → Read More
Mises University 2021
Students apply for a scholarship here. Austrian Economics Rooted in the tradition of Carl Menger and Ludwig von Mises, as well as Murray Rothbard and F.A. Hayek, the Austrian school offers a rigorous and logical approach to economics that gives free markets their due and takes full account of the reality of human choice. More than a field within economics, the Austrian school is an entirely… → Read More
The Birth of the Austrian School
Download lecture slides at Mises.org/MU20_PPT_01. Recorded at the Mises Institute in Auburn, Alabama, on 13 July 2020. → Read More
Fed Nominee Judy Shelton Wants Sound Money — and Lots of It
Bloomberg reported this week that the Trump Administration is considering Judy Shelton for one of the two vacant positions on the Federal Reserve Board of Governors. → Read More
Praxeology and the Method of Economics
Dr. Joe Salerno joins Jeff Deist to explore another foundational topic: the method of economics. Mises developed praxeology, perhaps his most controversial contribution to economic science. → Read More
The Human Action Podcast
You probably haven't read Carl Menger's Principles of Economics, but you should: it's a groundbreaking work that created a new theory of value and built a foundation for praxeology. Dr. → Read More
Joe Salerno on Mises and Nationalism
Dr. → Read More
The Great Cryptocurrency Crash of 2018
It looks like we have an asset bust for the record books in the making. The cryptocurrency crash now under way today surpassed the dot-com bust that occurred at the beginning of the millennium,. While the NASDAQ Composite Index suffered a decline of 78% from its peak in March 2000 to its trough in October 2002, the MVIS CryptoCompare Digital Assets 10 Index, has tumbled 80% from Ja → Read More
Mises University 2019
Austrian Economics Rooted in the tradition of Carl Menger and Ludwig von Mises, as well as Murray Rothbard and F.A. Hayek, the Austrian School offers a rigorous and logical approach to economics that gives free markets their due and takes full account of the reality of human choice. More than a field within economics, the Austrian School is an entirely different approach that dissents from the… → Read More
Murray Rothbard: Mises’s True Heir
Recently a young Austrian scholar made a very interesting observation in an informal discussion on Facebook: → Read More
Gas Station Hold-Up: Thieves Seize $59,000
Back in 2011, U.S. → Read More
Mises as Social Rationalist Pt III: Economic Calculation, Market, and Society
Editors note: One of the most important analysis of Ludwig von Mises's social theory and his views on the origins of human society has been Dr. Joseph Salerno's Ludwig von Mises as a Social Rationalist. → Read More
Mises as Social Rationalist Pt II: The Rationalistic Basis of Rules of Conduct and Social Institutions
Editors note: One of the most important analysis of Ludwig von Mises's social theory and his views on the origins of human society has been Dr. Joseph Salerno's Ludwig von Mises as a Social Rationalist. → Read More
Mises as Social Rationalist Pt I: Reason and the Origin of Society
Editors note: One of the most important analysis of Ludwig von Mises's social theory and his views on the origins of human society has been Dr. Joseph Salerno's Ludwig von Mises as a Social Rationalist. → Read More
Joe Salerno on Rothbard as the Heir to Mises
Dr. Joseph Salerno, speaking at our 35th Anniversary Gala in New York last weekend, makes the case for Murray Rothbard as the preeminent modern Austrian economist—and the rightful heir to Ludwig von Mises. → Read More
The Agony of the Welfare State, Finnish Style
The title of this post — minus the reference to Finland — is shamelessly copped from a prescient essay that Ludwig von Mises wrote in 1953. In his article Mises pointed out that in Great Brit → Read More
The Place of Human Action in the Development of Modern Economic Thought
Volume 2, No. 1 (Spring 1999) The core of any system of economic theory is the explanation of how prices are determined. As Mises (1998, p. 235) himself put it, “Economics is mainly concerned with the analysis of the determination of money prices of goods and services exchanged on the market.” Thus, the core of Human Action is parts three and four (pp. 201–684), entitled, respectively, “Economic… → Read More
Mises's Favorite Anglo-American Economists
[Originally published October 2006.] While it was the reading of Menger's path-breaking book, Principles of Economics, by Mises's own account that turned him into an economist,1 it was his attendance at Böhm-Bawerk's legendary seminar at the University of Vienna that awakened Mises's creative genius and gave direction to his life-long research interests. Following the example and suggestions of… → Read More