Recommended Readings in Austrian Economics

I am a retired corporate executive holding an MBA from a top tiered university. I have been a fan of Austrian economics for 25 years. I have several books written both by Drs Mises and Rothbard. The purpose of this email is to ascertain if you could recommend all of the Austrian books that I could purchase that would equal to a graduate degree in Austrian economics if I was to study at a university like Auburn or George Mason. I have no interest in going back to school, I just want to achieve a goal of mine to study at a graduate level in a lock-step method and teach myself through your books. I presently have Human Action and Man, State & Economy… which I purchased from your book store. Is this possible to obtain this information for my inclusion and study? I feel that  there is so much more to learn and I would like the knowledge base of a PHD in Economics or closely related. Again, this is strictly a goal and not a necessity for further advancement in my former vocation. Thank you very much for your consideration.


Dear C:

Wow. Those two books, alone, almost comprise an entire grad education in Austrian economics. But not quite.

I would add the following authors:

Menger, Bohm Bawerk, Hayek, Kirzner. Plus, many other publications by Mises and Rothbard.

However, reading alone will not suffice. You also need to interact with other students, scholars, profs, etc. So, I recommend all of the Mises institute daily publications (e.g. and gatherings: mises circles, all over the place, plus the Mises U and the Rothbard Grad seminar, which take place in Auburn, AL.

If I can be of any further help to you …

Here are some books best categorized as intro to Austrianism:

Ballve, 1963; Bien-Greaves, 2012; Butler, 2010; Callahan, 2002; Cox, 2007; Gordon, 2000; Dolan, 1976; Hazlitt, 1946; Murphy, 2010A, 2010B; Ritenour, 2010; Rockwell, 1995; Shapiro, 1985; Schiff and Schiff, 2010; Taylor, 2008; Woods, 2009, 2011

Ballve, Faustino. [1956] 1963. Essentials of EconomicsPrinceton, N.J.: D. Van Nostrand

Bien-Greaves, Bettina. 2012.  “Free Market Economics Syllabus.” Auburn, Alabama: Mises Institute;

Butler, Eammon. 2010. ‘Austrian Economics: A Primer . London, UK: Adam Smith Institute;

Callahan, Gene. 2002. Economics for Real People. Auburn, AL.: Mises Institute

Cox, Jim. 2007. The Concise Guide to Economics, Auburn, Alabama: Mises Institute

Gordon, David. 2000. An Introduction to Economic Reasoning. Auburn, Alabama: Mises Institute

Dolan, Edwin G., ed. 1976. The Foundations of Modern Austrian Economics, Kansas City: Sheed & Ward,

Hazlitt, Henry. 2008 [1946]. Economics in One Lesson. Auburn, AL: Mises Institute;

Murphy, Robert P.2010A.  Lessons for the Young Economist. Auburn, AL:  Mises Institute

Murphy, Robert P. 2010B. “What is Austrian economics?”

Ritenour, Shawn. 2010. Foundations of Economics, Eugene, OR: Wipf and Stock.

Rockwell, Llewellyn. 1995. Why Austrian Economics Matters;

Schiff, Peter D. and Andrew J. Schiff. 2010. How an Economy Grows and Why It Crashes. Wiley

Shapiro, Milton M. 1985. The Foundations of the Market Price System. Boston: University Press of America;

Taylor, Thomas C. 2008. An Introduction to Austrian Economics. Auburn AL: The Mises Institute;;

Woods, Thomas E. Jr. 2009. Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse. Washington D.C.: Regnery Publishing

Woods, Thomas E. Jr. 2011. “Learn Austrian Economics.” December 20;

Best regards,



5:34 am on May 31, 2019