SVET Must To Read On Austrian School List


Austrian School

Austrian School Patriarchs

  1. Principles Of Economics by Carl Menger also on YouTube (also another download on Mises institute
  2. Capital and Interest (It is an exhaustive study of the alternative treatments of interest: use theories, productivity theories, abstinence theories, and so on.) also The Positive Theory of Capital By Eugen v. Böhm-Bawerk ( or find briefs on YT (The Positive Theory of Capital: Book 5: Chapter 2) where (Böhm-Bawerk argued that capitalists do not exploit their workers; they actually help employees by providing them with an income well in advance of the revenue from the goods they produce, stating, "Labor cannot increase its share at the expense of capital.)
  3. Economics in One Lesson ( by Henry Hazlitt (also on YouTube) by With a million copies sold and available in ten languages,[25][26] it is considered a classic by several American conservative, free-market, and right-libertarian circles )
  4. Capital and Its Structure by Ludwig Lachmann He was a strong advocate of using hermeneutic methods in the study of economic phenomena.Lachmann's "fundamentalist Austrianism" was rare as few living Austrian economists departed from the mainstream.
  5. Capital and Production by Richard Ritter von Strigl (Strigl combined William Stanley Jevons and Eugen von Böhm-Bawerk theory of capital into genuinely Austrian theory of the economy as a whole; and he carefully analyzed the impact of credit expansion on the workings of this macroeconomy.)

Austrian School Golden Gen

  1. Human Action by Ludwig von Mises
  2. Planned Chaos by Ludwig von Mises
  3. The Theory of Money and Credit by Ludwig von Mises
  4. Conceived in Liberty by Murray Rothbard
  5. The Road to Serfdom by Friedrich Hayek
  6. The Principles of Economics (also on YT Part One and Two) by Frank Albert Fetter (Fetter believed in the subjective theory of value, and thus supported a pure time preference theory of interest ... He contested Marshall's position that land is theoretically distinct from capital ...)
  7. The Stock Market, Credit and Capital Formation, 1931 by Fritz Machlup (He was one of the first economists to examine knowledge as an economic resource)
  8. The Free Market Reader, 1988 by William H. Peterson (He praised capitalism quite often and stressed its necessity for a thriving society)
  9. Natural Value by Friedrich von Wieser (Wieser is renowned for two main works, Natural Value, which carefully details the alternative-cost doctrine and the theory of imputation; and his Social Economics (1914), an ambitious attempt to apply it to the real world.)
  10. The Theory of International Trade, 1935 of Gottfried Haberler (Quote: One of his major contributions was reformulating the Ricardian idea of comparative advantage in a neoclassical framework, abandoning the labor theory of value for an opportunity cost concept. EQ:
  11. Theory of games and economic behaviour, 1955 (not available for a free download) by Oskar Morgenstern (Quote: In collaboration with mathematician John von Neumann, he founded the mathematical field of game theory as applied to economics. Von Neumann–Morgenstern (VNM) utility theorem shows that, under certain axioms of rational behavior, a decision-maker faced with risky outcomes of different choices will behave as if he or she is maximizing the expected value of some function defined over the potential outcomes at some specified point in the future. EQ:)

Austrian School Boomers and GenX

  1. Money: Sound and Unsound by Joseph T. Salerno
  2. The Investor's Bible: Mark Skousen's Principles of Investment (no free downloads) by Mark Skousen
  3. Chaos Theory by Robert Murphy (also on YT)
  4. Competition And Entrepreneurship Israel Kirzner: Kirzner's major work is in the economics of knowledge and entrepreneurship and the ethics of markets also watch him on youtube
  5. Dinero, crédito bancario y ciclos económicos by Jesús Huerta de Soto (An anarcho-capitalist, Huerta argues that classical liberalism and their ideal is theoretically impossible; he also believes that classical liberals have failed to limit the power of the state) also on YT God and Anarchocapitalism and Libertad, política y anarquía en la España del s. XXI
  6. The Ethics of Money Production by Jörg Guido Hülsmann (YT Version) (He has also become known as an economist who correctly anticipated the financial crisis of 2001; as a staunch critic of fractional-reserve banking) also find on YT Mises: The Last Knight of Liberalism
  7. Democracy: The God That Failed (YouTibe Version) by Hans-Hermann Hoppe (Hoppe identifies as a culturally conservative libertarian. He is opposed to democracy ... Hoppe reflected on the relationship between democracy and the arts and concluded that "democracy leads to the subversion and ultimately disappearance of the notion of beauty and universal standards of beauty. Beauty is swamped and submerged by so-called 'modern art') also on YT - The Private Production of Defense
  8. Crisis and Leviathan (no free downloads) by Robert Higgs (Higgs first elaborated in detail on his ratchet hypothesis as part of a more general interpretation of governmental growth. Higgs aimed to demonstrate that contemporary models to explain the growth of government did not explain why growth historically occurred in spurts, rather than continuously.. Higgs formulated the ratchet effect to explain this phenomenon. He theorized that most government growth occurred in response to real or imagined national "crises") see his lecture on YT (Crisis and Liberty)
  9. Time and Money (no downloads) by Roger Wayne (Time and Money, which presents a graphical framework for capital-based macroeconomics and offers a critique of Keynesian graphical analysis also his lectures on YouTube (Austrian Capital Theory)
  10. Organized Crime: The Unvarnished Truth About Government by Thomas DiLorenzo (DiLorenzo has also spoken out in favor of the secession of the Confederate States of America, defending the right of these states to secede. DiLorenzo is critical of neoconservatism and endless military interventionism.) he also wrote critical bio of Lincoln - The Real Lincoln: A New Look at Abraham Lincoln, His Agenda, and an Unnecessary War (no free downloads). Listen to his anti-Lincoln lecture on YT (Lincoln vs. the Constitution)
  11. The Battle of Ideas by Peter Joseph Boettke (Analytical anarchism is the name given by Boettke to the positive political economy of anarchism, or anarchism from the economic point of view) find his interview on YT (Exploring Economics from Marx to Mises with Professor Peter J. Boettke)
  12. Defending the Undefendable by Walter Block (Block believes that people should have the legal right to sell themselves into slavery, or to buy and keep slaves that sold themselves into slavery, in a libertarian legal order. ... Block asserts that sexual harassment “that takes place between secretary and her boss is not a coercive action. ... Block has written two papers about punishment of those engaging in "statist, governmental or other gangster activity"”) also on YouTube

Austrian School Millenials

  1. Oracle by Peter Leeson
  2. Radically Rethinking Police by Edward Stringham (In 2006, he published a study together with Bethany Peters titled "No Booze? You May Lose: Why Drinkers Earn More Money Than Nondrinkers" .. In May 2020, Stringham said during a CNBC interview that the unemployment rate was expected to reach 16% but that the slight improvements were already noticeable ... n July 2020, The Christian Science Monitor discussed the question "Why libertarians are joining BLM calls to defund police". Stringham pointed out a lot of parallels with the libertarians believing that the responsibilities of police departments today would be better performed by local private security bodies)
  3. After war: the political economy of exporting democracy by Christopher J. Coyne (Coyne contends that failure is due to the inability of foreign governments to centrally plan the complex array of institutions which underpin liberal democracy. ) his lecture on YouTube (Doing Bad by Doing Good: Why Humanitarian Action Fails)

What Is SVET Rating?

SVET Rating is the first public praxiological (human actions driven) rating. It takes into account combine effects of cognitive, emotional and social factors on the decisions of individuals and institutions dealing with crypto currencies and blockchain projects. Uses S.V.E.T. Metrics = System + Vision + Execution + Tokenomics. Includes 16 parameters. Accounts for main drivers of public behavior: technology, economy, organization and psychology. Integrates insights from independent experts and everyday users

  • Security (safety): for defenders (
    - The Protector: Warm-hearted and dedicated, they are always ready to protect the people they care about.
  • Velocity (scalability): for megalomaniacs (
    - The Commander: Outspoken and confident, they are great at making plans and organizing projects.
  • Engineering (design): for geeks (
    - The Architect: High logical, they are both very creative and analytical.
  • Transparency (decentralization): for crypto punks (
    - The Crafter: Highly independent, they enjoy new experiences that provide first-hand learning.
  • Singularity (uniqueness): for Individualists (
    - The Artist: Easy-going and flexible, they tend to be reserved and artistic.
  • Volume (market): for Globalists (
    - The Performer: Outgoing and spontaneous, they enjoy taking center stage.
  • Empathy (enthusiasm): for Tribes (
    - The Persuader: Out-going and dramatic, they enjoy spending time with others and focusing on the here-and-now.
  • TimeLine (road-map): for Visionaries (
    - The Mediator: Idealistic with high values, they strive to make the world a better place.
  • Solution (business): for Dealmakers (
    - The Director: Assertive and rule-oriented, they have high principles and a tendency to take charge.
  • Validity (legality): for Lawyers (
    - The Inspector: Reserved and practical, they tend to be loyal, orderly, and traditional.
  • Equity (finance): For Venture Capitalists (
    - The Advocate: Creative and analytical, they are considered one of the rarest types.
  • Team: for Friends (
    - The Caregiver: Soft-hearted and outgoing, they tend to believe the best about other people.
  • Sustainability (stability): for Sages (
    - The Thinker: Quiet and introverted, they are known for having a rich inner world.
  • Value (venture): for Adventurers (
    - The Debater: Highly inventive, they love being surrounded by ideas and tend to start many projects (but may struggle to finish them).
  • Engagement (usability): for Pragmatics (
    - The Giver: Loyal and sensitive, they are known for being understanding and generous.
  • Transactions (speed): for Travelers (
    - The Champion: Charismatic and energetic, they enjoy situations where they can put their creativity to work.

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