Austrian Economics - Peter Boettke

What is Austrian economics? Dr. Peter Boettke gives an overview of the essential elements of the Austrian school of economics, including its history and origins, its central claims, some of its central figures, and its continuing relevance today.

This lecture was part of the online IHS summer seminar, “The Classical Liberal Tradition,” which took place June 16-21, 2020. To watch other lectures from this seminar, see our playlist:    • 2020 IHS Summer Seminars | The Classi...  

Dr. Peter J. Boettke is a University Professor of Economics and Philosophy at George Mason University, as well as the Director of the F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics, and BB&T Professor for the Study of Capitalism at the Mercatus Center at George Mason University. Through an analytical framework strongly influenced by the paradigm of Austrian economics, as well as other intellectual traditions personified by thinkers in the mainline of economic thought—such as Adam Smith, F. A. Hayek, James M. Buchanan and Elinor Ostrom—Boettke has developed a robust political economy research program that expands an understanding of how individuals acting through the extended market order can promote freedom and prosperity for society, and how the institutional arrangements shape, reinforce, or inhibit the individual choices that lead to sustained economic development.

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