Austrian Economics, applied.
Austrian Economics explains how economies grow, why booms become busts, and why central planning fails. Through the lens of individual choice and time. These tools make those ideas tangible.
This platform translates the theoretical insights of the Austrian School of Economics into interactive models and data dashboards. Grounded in the works of Ludwig von Mises, Friedrich Hayek, and Ludwig Lachmann, these tools demonstrate how human actions, time preference, and price signals coordinate capital production. We recommend exploring them in this progression:
Understand the practitioner's critique of mainstream equilibrium models in the Why Austrian essay.
Interact with the Garrison Triangle model to visualize how consumption and investment decisions coordinate over time.
Test your resource allocation coordination limits in the Calculation Problem simulator.
Assess your knowledge of cycles, pricing systems, and capital theory in The Quiz.
Query the economic research assistant Ask Austrian.
Consult foundational summaries and thinkers list in The Shelf.
What it shows: An institutional practitioner's critique of mainstream equilibrium models and a defense of subjectivism, time preference, and capital structure. Why it matters: Explains why mathematical models fail to explain real-world coordination. How to use it: Read the structured essay to explore Mises, Hayek, and Lachmann's core arguments.
What it shows: How consumption and investment decisions are coordinated across stages of production over time. Why it matters: Illustrates how interest rate manipulations corrupt price signals, causing malinvestments. How to use it: Adjust the time preference slider to shift resource allocation.
What it shows: The Federal Funds Rate alongside historical cycles of central bank credit expansion. Why it matters: Demonstrates how interest rate suppression distorts price signals. How to use it: Toggle different historical recession cycles to view rate movements.
What it shows: A central planning simulator where the user attempts to allocate capital goods without price signals. Why it matters: Demonstrates Mises's thesis that rational allocation is impossible without property rights and prices.
What it shows: An economic research assistant trained to respond strictly using Austrian literature. Why it matters: Grounded in verified texts to prevent generic AI hallucinations and outcomes claims.
What it shows: Randomized conceptual testing on the business cycle, spontaneous order, and sound money. Why it matters: Helps solidify key economics terminology and structural theory.
What it shows: Curated library of foundational texts by Mises, Hayek, Lachmann, and Rothbard. Why it matters: Acts as the conceptual foundation for all the other tools on the site.
What it shows: Conceptual briefs translating Austrian theory into core investment insights. Why it matters: Connects abstract economic concepts to the reality of capital coordination.
What it shows: In-depth analyses of foundational texts with key summaries and investor relevance. Why it matters: Grounded study of books like Human Action and Prices and Production.