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Where To Start With Austrian Economics?

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Rcder posted on Sat, May 8 2010 10:30 PM

Hello, good people of the most honorable Mises Institute.  I hope to become a very active member of this community, one which I've been lurking on for a couple of weeks now; but before I dstart engaging in economic discussions with you all, I think it only makes sense that I get a much better understanding of Austrian economics then the bare-bone comprehension I have of it now.  So basically, my question is this; where should I start in my reading of Austrian economic theorists?  I'm currently reading An Inquiry Into the Nature and Causes of The Wealth of Nations; while I understand that Adam Smith wasn't by any means an Austrian economic theorist, I felt it appropriate to begin with the work that many claim to be the backbone of modern capitalist theory.  Is it a good idea to start with this book, and assuming that it is, where do I proceed from there?  Do I begin working my way through Ludwing von Mises' library of work, or proceed in a different fashion?

All suggestions are much appreciated, and thanks for taking the time to anser.

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Rcder:
At the risk of making myself sound like a dullard, the language was very difficult to traverse, and I wasn't getting much out of it to begin with.

You don't sound like a dullard.  Murray Rothbard felt the same way...

the much revered Wealth of Nations is a huge, sprawling, inchoate, confused tome, rife with vagueness, ambiguity and deep inner contradictions.

I think all my suggestions for reading have already been mentioned, but I would go for (in this order):

  1. Economics in One Lesson
  2. An Introduction to Economic Reasoning
  3. Man, Economy and State

I also would like to especially recommend this lecture series by Joseph Salerno.

Welcome to the community.
 

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Top 100 Contributor
Male
853 Posts
Points 17,830
Verified by Rcder

Rcder:
At the risk of making myself sound like a dullard, the language was very difficult to traverse, and I wasn't getting much out of it to begin with.

You don't sound like a dullard.  Murray Rothbard felt the same way...

the much revered Wealth of Nations is a huge, sprawling, inchoate, confused tome, rife with vagueness, ambiguity and deep inner contradictions.

I think all my suggestions for reading have already been mentioned, but I would go for (in this order):

  1. Economics in One Lesson
  2. An Introduction to Economic Reasoning
  3. Man, Economy and State

I also would like to especially recommend this lecture series by Joseph Salerno.

Welcome to the community.
 

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Rcder replied on Sun, May 9 2010 12:09 PM

Thanks for the suggestion.  Looks like I've got quiet a bit of reading ahead of me, so I'd better get started.

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