What are some good books on Austrian Economics?

[brucelamb]

What are some good books that will give me a sound understanding of Austrian Economics and the Austrian Theory of the Business cycle.

For those of you unfamiliar with Austrian Economics, it is the most sensisble school of economic thought in my opinion, as the Austrian economists(Mises, Rothbard, Hayek) predicted the boom and bust cycle, the Great Depression, and current economic crises.

F.A. Hayek even won the Nobel peace prize for showing that central banks(like the illegal Federal Reserve Bank) devalue a nation's currency.

[Baltzersen]

Originally Posted by brucelamb

What are some good books that will give me a sound understanding of Austrian Economics and the Austrian Theory of the Business cycle.

A good introductory book is Economics for Real People by Gene Callahan.

F.A. Hayek even won the Nobel peace prize for showing that central banks(like the illegal Federal Reserve Bank) devalue a nation's currency.

Well, it was the memorial prize, and it's for economic sciences.

[blaavass]

These old cartoons by Irwin Schiff is genious. Especially the first one can be read over and over for even deeper understanding:
http://www.scribd.com/doc/16629172/H...t-Irwin-Schiff

http://www.scribd.com/doc/25028806/T...y-Irwin-Schiff

By the way, Peter and Andrew Schiff has updated the material from Irwin (their father) in a book and applied it directly on todays situation. A very good read:
Amazon

For direct reading on the Austrian business cycle, Wikipedia is good for a short summary:
http://en.wikipedia.org/wiki/Austria...s_cycle_theory

Other than that, I think Peter Schiff's book predicting the financial crisis starting in 2007/2008 based on the business cycle theory applied on the US governement's and central bank's responses to the Internet buble and bust, causing the property bubble to be created is great for understanding the business cycle.
Amazon

The essence of the Austrian way of thinking about business cycles and booms/busts is rather on how to prevent artificial booms instead of the Keynesian how to prevent the following busts (which are inevitable).

[sneeco]

A good, easy to read book on AE:

"An Introduction to Austrian Economics" by Thomas C. Taylor

I believe you can find it as a pdf for free on mises.org

[david37smile]

This is an interesting discussion. thank you for sharing

[sneeco]

Some additional reading, excerpted from "The Mises Academy, Inaugural Course (online), Understanding the ABCT (essential reading for week 1)"

- "Why Austrian Economics Matters" by Lew Rockwell.
# http://mises.org/etexts/why_ae.asp


- "Austrian Business Cycle Theory: A Brief Explanation" by Dan Mahoney
# http://mises.org/daily/672


- “Introduction: Stayin’ Alive”, Callahan, Economics for Real People.
# http://books.google.com/books?id=ojk...page&q&f=false


- “Inflation and the Business Trade Cycle” Taylor, An Introduction to Austrian Economics, chapter 8.
# http://mises.org/austecon/chap8.asp


- “Times Are Hard: On the Causes of the Business Cycle” Callahan, Economics for Real People, chapter 13.
# http://books.google.com/books?id=ojk...page&q&f=false


- “Appendix A: A Brief History of the Austrian School” Callahan, Economics for Real People.
# http://books.google.com/books?id=ojk...page&q&f=false

Cheers