Lecture series · recorded 1975–1978
The Austrian School of Economics: An Introduction
The Austrian School of Economics: An Introduction is a free lecture series (4 recordings, 3.1 hours) you can stream or download at freecapitalists.org, with 3 speakers.
Lectures by Friedrich Hayek, Israel Kirzner and Ludwig Lachmann.
World HistoryBiographiesEducation
Cover painting: George Stephenson watches the Rocket run at the Rainhill Trials, Lancashire, October 1829. See every painting in the art gallery.
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01
49:29 Download MP3
History of the Austrian School of Economics 1977
Biographical remarks about Lachmann (1906-1990). Then, Lachmann describes Austrian economics as being subjectivism (individual human action), a certain attitude to time (the future is unknowable), and a distrust of macroeconomic entities (they exist, but Austrians look at macro as mechanistic).
History of the Austrian School of EconomicsBiographies
Read the transcript 4,275 words
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02
23:40 Download MP3
History of the Austrian School of Economics: Question and Answer Session 1977
Was George Stigler sympathetic to the Austrian school? Lachmann doesn’t think so because Stigler was a favorite student of Knight. Austrians should have dealt with Keynes, instead they quarreled with Knight.What policies do Austrians pursue? Those that favor the market.
History of the Austrian School of EconomicsBiographiesEducation
Read the transcript 2,369 words
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03
57:28 Download MP3
The Austrian Approach to Competition 1978
The term Austrian will include people like Shumpeter and Morgenstern. Competition is seen as a state of affairs of perfect knowledge and equilibrium by mainstream economists. This fails to provide explanations as to how those market prices have been achieved.
Austrian Economics OverviewMonopoly and Competition
Read the transcript 7,577 words
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04
55:23 Download MP3
Austrian Economics 1975
A full-employment policy produces unemployment. Keynesian economics became the dominant theory wherein inflation was endorsed as a method of increasing aggregate demand which should boost employment.
Austrian Economics OverviewWorld History
Read the transcript 6,470 words
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Recording dates, summaries and topics for 4 of these 4 lectures come from the Mises Institute's page for The Austrian School of Economics: An Introduction, checked 2026-09-27.
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About this series
- Is The Austrian School of Economics: An Introduction free to listen to?
- Yes. All 4 mirrored recordings stream in the browser or download as audio, at no cost and with no signup.
- How long is The Austrian School of Economics: An Introduction?
- 4 recordings, 3.1 hours in total.
- Who lectures in The Austrian School of Economics: An Introduction?
- Friedrich A. Hayek, Israel M. Kirzner, and Ludwig M. Lachmann.
- When was The Austrian School of Economics: An Introduction recorded?
- 1975–1978, per the recording dates recovered for this series.
- Is there a transcript of The Austrian School of Economics: An Introduction?
- Yes. Every lecture in the series has one, 20,691 words in total, free to read on each lecture's page and searchable in the browser.
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