Birthplace of
Gottfried Haberler, in Purkersdorf, on 20 Jul
1900
Deathplace of
Eugen von Böhm-Bawerk, in Kramsach, Tirol, on 27 Aug
1914
Measures of Freedom
Austria | Freedom House,
Freedom in the World 2024
2016: Status: Free, Aggregate Score: 95, Political Rights: 1, Civil Liberties: 1
Along with other countries in the European Union (EU), Austria experienced a large influx of asylum seekers and other migrants in 2015, many of them from Syria. The migration flow formed the background for increasingly stronger populist rhetoric from the ring-wing Freedom Party of Austria (FPÖ) party, which made gains in local elections in October.
Economic Freedom Summary Index,
Economic Freedom of the World, 16 Oct 2024
2022 overall score: 7.62, rank: 23
Human Freedom Index [PDF],
The Human Freedom Index 2023: A Global Measurement of Personal, Civil, and Economic Freedom
2021: 8.24, Rank: 24, Personal freedom: 8.64, Economic freedom: 7.69
Articles
Eugen von Böhm-Bawerk: A Sesquicentennial Appreciation, by
Richard M. Ebeling,
The Freeman, Feb 2001
Broad biographical essay, including Böhm-Bawerk relationships with Menger, Mises and Schumpeter, and his two major works
In January 1914 there appeared three articles in one of the leading newspapers in Vienna, Austria-Hungary, by Eugen von Böhm-Bawerk, ... a three-time minister of finance. He warned his readers that the Austrian government was following a policy of fiscal irresponsibility. During the preceding three years, government expenditures had increased by 60 percent, and for each of these years the government’s deficit had equaled approximately 15 percent of total spending. The reason, Böhm-Bawerk said, was that the Austrian parliament and government were enveloped in a spider's web of special-interest politics.
Eugen von Böhm-Bawerk:Capital, Interest, and Time, by Roger W. Garrison,
15 Great Austrian Economists, Jan 1999
Biographical and bibliographical essay; chapter 8
[Böhm-Bawerk's] later years were dominated by his duties as the Austrian Minister of Finance, a position he held, though not continuously, throughout the 1890s and beyond–and for which he is fittingly honored by having his likeness on Austria's one-hundred schilling note. After serving in this capacity and assuming other governmental duties, he returned to teaching in 1904. With a chair at the University of Vienna, he became a colleague of Wieser ... Students who passed through the university during the last decade of Böhm-Bawerk's career ... included Joseph Schumpeter and Ludwig von Mises.
Ludwig von Mises, socialism's greatest enemy, by
Jim Powell, 2000
Lengthy biographical essay on Mises, including details on Menger and Böhm-Bawerk; alternate version of "Planned Chaos" chapter of
The Triumph of Liberty (2000)
Before the war, Austria-Hungary controlled over 250,000 square miles ... and had a population of 51 million. Afterwards, the Allied Powers broke up the empire, created new nations and left Austria with 32,000 square miles. Austria had about 6.5 million people, almost a third living in Vienna ... The Austrian inflation was severe—average prices up almost 50% a month ... "Ignaz Seipel became Chancellor of Austria. Dr. Seipel, a Roman Catholic priest, honest and conscientious but naive about finance, was not the usual politician. Mises helped convince Seipel that inflation had to be stopped ..."
Related Topics:
Eugen von Böhm-Bawerk,
Bureaucracy,
Central Banking,
Foundation for Economic Education,
Gold Standard,
Henry Hazlitt,
Carl Menger,
Ludwig von Mises,
Money,
Mont Pelerin Society,
Ayn Rand,
Socialism,
War