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Best Austrian Economics Books Worth Your Attention

Looking for the best Austrian Economics books? Browse our list to find excellent book recommendations on the subject.

1. Austrian School for Investors: Austrian Investing between Inflation and Deflation (2016)

 Best Austrian Economics Books Worth Your AttentionInsanity seems to rule the financial markets and many investors are driven by delusion and anxiety. May everything you thought you knew about investing be wrong? The Austrian School’s approach provides the needed respite for investors caught in inflationary treadmills.Conventional investment experts often overlook economic developments which may become a hazard for mainstream investors. Instead, the Austrian School of Economics has proved itself as an independent approach beyond the interests of politicians and bankers. The financial system is shaking. This book presents new paths through the shaky grounds between the tectonic…
Author(s): Rahim Taghizadegan , Ronald Stöferle, et al.

2. Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics (1988)

 Best Austrian Economics Books Worth Your AttentionConsidered among the leading economic thinkers of the “Austrian School,” which includes Carl Menger, Ludwig von Mises, Friedrich (F.A.) Hayek, and others, Henry Hazlitt (1894-1993), was a libertarian philosopher, an economist, and a journalist. He was the founding vice-president of the Foundation for Economic Education and an early editor of The Freeman magazine, an influential libertarian publication.  Hazlitt wrote Economics in One Lesson, his seminal work, in 1946. Concise and instructive, it is also deceptively prescient and…
Author(s): Henry Hazlitt

3. Capitalism and Freedom: Fortieth Anniversary Edition (2002)

 Best Austrian Economics Books Worth Your AttentionSelected by the Times Literary Supplement as one of the “hundred most influential books since the war” How can we benefit from the promise of government while avoiding the threat it poses to individual freedom? In this classic book, Milton Friedman provides the definitive statement of his immensely influential economic philosophy—one in which competitive capitalism serves as both a device for achieving economic freedom and a necessary condition for political freedom. The result is an accessible text that has sold well over half a million copies in English, has been translated into eighteen languages, and shows every sign of…
Author(s): Milton Friedman

4. Austrian Economics Re-examined (2016)

 Best Austrian Economics Books Worth Your AttentionAustrian Economics Re-examined: The Economics of Time and Ignorance is an expanded version of the 1996 edition of The Economics of Time and Ignorance. This work is a classic statement of the role of subjectivism, radical uncertainty and change through real time in Austrian economics specifically, and in modern economics more generally. The new book contains the full text and Introductions of the earlier edition as well as the comprehensive previously-unpublished essay “What is Austrian Economics?” and a new Introduction. The essay is a comprehensive overview of the central themes of the book from a somewhat different…
Author(s): O’Driscoll Jr, Gerald, Mario Rizzo

5. Economics for Real People: An Introduction to the Austrian School (2004)

 Best Austrian Economics Books Worth Your AttentionLARGE PRINT EDITION! More at The second edition of the fun and fascinating guide to the main ideas of the Austrian School of economics, written in sparkling prose especially for the non-economist. Gene Callahan shows that good economics isn’t about government planning or statistical models. It’s about human beings and the choices they make in the real world. This may be the most important book of its kind since Hazlitt’s Economics in One Lesson. Though written for the beginner, it has been justly praised by scholars too, including Israel Kirzner, Walter Block, and Peter Boettke….
Author(s): Gene Callahan

6. The Road to Serfdom: Text and Documents–The Definitive Edition (The Collected Works of F. A. Hayek, Volume 2) (2007)

 Best Austrian Economics Books Worth Your AttentionAn unimpeachable classic work in political philosophy, intellectual and cultural history, and economics, The Road to Serfdom has inspired and infuriated politicians, scholars, and general readers for half a century. Originally published in 1944—when Eleanor Roosevelt supported the efforts of Stalin, and Albert Einstein subscribed lock, stock, and barrel to the socialist program—The Road to Serfdom was seen as heretical for its passionate warning against the dangers of state control over the means of production. For F. A. Hayek, the collectivist idea of empowering government with increasing…
Author(s): F. A. Hayek, Bruce Caldwell

7. 15 Great Austrian Economists (1999)

 Best Austrian Economics Books Worth Your AttentionThe Austrian tradition began formally with Carl Menger’s 1871 work Principles of Economics. But its roots stretch back to the late-scholastic period, when philosophers first began to think systematically about the relationship between human choice and material resources. <br /><br />This collection presents ideas from the full sweep of this intellectual history, highlighting 15 thinkers who made the greatest contribution to advancing the Austrian School of economics. These original essays are written by top Austrians who explain the Austrian view of property,…
Author(s): Holcombe, Randall G.

8. Austrian Capital Theory: A Modern Survey of the Essentials (Elements in Austrian Economics) (2019)

 Best Austrian Economics Books Worth Your AttentionThis Element presents a new framework for Austrian capital theory, starting from the notion that capital is value. Capital is the value attributed by the valuer at any moment in time to the combination of production-goods and labor available for production. Capital is the result obtained by calculating the current value of a business-unit or business-project that employs resources over time. It is the result of a (subjective) entrepreneurial calculation process that relates the flow of consumptions goods to the value of the productive resources that will produce those consumptions goods. The entrepreneur is a…
Author(s): Peter Lewin, Nicolas Cachanosky

9. Making Economic Sense (2006)

 Best Austrian Economics Books Worth Your AttentionDo you ever watch the business news and think: what would Murray Rothbard say about this? He remained a news junky all his life, even while working on his grand scholarly treatises. He was no academic snob; he believed, like Mises, that economics was the business of everyone. It is in this book that you find his running commentary on all the economic issues that vexed the world between 1982 and 1995. They are the same issues in the headlines today! The goal of this hefty tome (551pp) by this master economist is to communicate with the public about economic theory and policy, in the form of articles that appeared in the…
Author(s): Murray N. Rothbard, Llewellyn H. Rockwell Jr.

10. Macroeconomics: Austrians vs. Keynesians (2015)

 Best Austrian Economics Books Worth Your AttentionAustrian Economics Press is devoted to educating college students in economic principles while comparing and contrasting Austrian and Keynesian economic thought. Macroeconomics – Austrians vs. Keynesians presents the economic principles typically taught in a Principles of Macroeconomics college course. The book comes with an extensive test bank and PowerPoint slides. Each chapter has about 20 practice quiz questions with explanations, a summary of key concepts, and Food for Thought questions. A complete set of additional resources can be…
Author(s): Kenneth E. Long

11. An Introduction to Austrian Economics (2008)

 Best Austrian Economics Books Worth Your Attentionp>For the serious student, this exposition of the essentials of Austrian economics is excellent. Taylor discusses all the fundamental aspects of Austrian thought, from subjectivism and marginal utility to inflation and the business cycle. This new and revised edition is widely influential among economics students. For the newcomer, this work represents a concise introduction to both the historical setting of the Austrian School and to the ideas espoused by its members. This volume includes chapters on:Social Cooperation and Resource Allocation Economic Calculation The Subjective Theory of Value The Market and Market Prices Production in an…
Author(s): Thomas C Taylor

12. Human Action: The Scholar’s Edition (2010)

 Best Austrian Economics Books Worth Your AttentionThe great book first appeared in German in 1940 and then disappeared, only to reappear in English in 1949. It was a sensation, the largest and most scientific defense of human freedom ever published. And now, in 2010, the seemingly impossible has happened: Human Action, the masterwork of the ages, is in a pocketbook edition at a ridiculously low price. History might record that this edition is the one that changed the world. Mises’s fantastic and timeless treatise has never been in a more portable, giftable edition. Just imagine: giving or receiving this gem, this treasure, as a stocking stuffer! This is…
Author(s): Ludwig von Mises

13. Economic Thought Before Adam Smith (Large Print Edition): An Austrian Perspective on the History of Economic Thought, Volume 1 (2006)

 Best Austrian Economics Books Worth Your AttentionLARGE PRINT EDITION! More at Here is the last masterpiece by Murray N. Rothbard (1926-1995), the result of a lifetime of research and his crowning achievement. This volume is the most extensive treatment from a modern Austrian perspective of the history of economic thought up to Adam Smith and, as such, takes into account the profound influences of religious, social, and political thought upon economics. Murray Rothbard traces economic ideas from ancient sources and shows that laissez-faire liberalism and economic thought…
Author(s): Murray N. Rothbard

14. Advanced Introduction to the Austrian School of Economics (Elgar Advanced Introductions series) (2014)

 Best Austrian Economics Books Worth Your AttentionElgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences and law, expertly written by some of the world s leading scholars. Designed to be accessible yet rigorous, they offer concise and lucid surveys of the substantive and policy issues associated with discrete subject areas.’Randy Holcombe’s Advanced Introduction to the Austrian School of Economics is a comprehensive and extremely readable introduction to the main ideas of this school of economic thought. Holcombe uses plenty of everyday examples and common sense wisdom to explain often esoteric…
Author(s): Randall G. Holcombe

Best Austrian Economics Books Worth Your Attention

We highly recommend you to buy all paper or e-books in a legal way, for example, on Amazon. But sometimes it might be a need to dig deeper beyond the shiny book cover. Before making a purchase, you can visit resources like Genesis and download some austrian economics books mentioned below at your own risk. Once again, we do not host any illegal or copyrighted files, but simply give our visitors a choice and hope they will make a wise decision.

Advanced Introduction to the Austrian School of Economics

Author(s): Randall G. Holcombe
ID: 2908372, Publisher: Edward Elgar, Year: 2020, Size: 1 Mb, Format: pdf

Banking and Monetary Policy from the Perspective of Austrian Economics

Author(s): Annette Godart-van der Kroon, Patrik Vonlanthen
ID: 2250656, Publisher: Springer International Publishing, Year: 2018, Size: 5 Mb, Format: pdf

Hayek: A Collaborative Biography: Part XIII: 'Fascism' and Liberalism in the (Austrian) Classical Tradition

Author(s): Robert Leeson
ID: 2310792, Publisher: Springer International Publishing;Palgrave Macmillan, Year: 2018, Size: 5 Mb, Format: pdf

Please note that this booklist is not final. Some books are absolutely record-breakers according to Chicago Tribune, others are drafted by unknown authors. On top of that, you can always find additional tutorials and courses on Coursera, Udemy or edX, for example. Are there any other relevant resources you could recommend? Drop a comment if you have any feedback on the list.

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