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Jörg Guido Hülsmann

Works Published inThe Free MarketSpeeches and PresentationsMises Daily ArticleThe Journal of Libertarian StudiesQuarterly Journal of Austrian EconomicsArticles of Interest

AwardsO.P. Alford III Prize in Political Economy

Jörg Guido Hülsmann is senior fellow of the Mises Institute and author of Mises: The Last Knight of Liberalism and The Ethics of Money Production. He teaches in France, at Université d'Angers.

All Works

Carl Menger vs. Gustav Schmoller and the Socialists of the Chair

History of the Austrian School of EconomicsOther Schools of Thought


The debate on method between Menger and Schmoller was useful for the clarification of the differences between theoretical and applied economic research.

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Psychology vs. Praxeology

Calculation and Knowledge

Mises’s exposition of economic science differed decisively from all modern authors in that it drew a sharp line between praxeology and psychology.

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Equilibrium, Profit and Loss, and Entrepreneurship

The EntrepreneurEntrepreneurship

Mises stated that general equilibrium is purely a methodological device with no counterpart in the real world. It only defines profit and loss.

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Optimal Monetary Policy

Monetary Theory

11/15/2017Quarterly Journal of Austrian Economics
The competitive production of money can work and has worked well in all known historical cases.


PDF icon PDF (112.48 KB)

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Four Reasons Central Banks are Wrong to Fight Deflation

Money and BanksMonetary TheoryMoney and Banking

The harmful character of deflation is a sacred dogma of monetary policy. However, evidence substantiating these claims is either weak or nonexistent.

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