The Shelf

The books behind the framework. Not a bibliography. A record.

These are the books that formed the lens. Not everything read on Austrian Economics. Just the ones that changed something. The annotations are mine.

Ludwig von Mises

Human Action

Ludwig von Mises · 1949

The foundation. Praxeology as the logic of human choice, purposeful action under scarcity. Everything else in Austrian economics follows from this.

Friedrich Hayek

Prices and Production

Friedrich Hayek · 1931

Where the triangle comes from. Hayek traces how credit expansion distorts the structure of production and why the resulting boom must end in bust.

Friedrich Hayek

The Pure Theory of Capital

Friedrich Hayek · 1941

Dense and rewarding. Capital is not a homogeneous fund. It is a structure of heterogeneous goods arranged in time. That distinction matters enormously for investing.

Ludwig von Mises

Socialism

Ludwig von Mises · 1922

The calculation argument in its original form. Not a political critique, but a demonstration that rational economic calculation is impossible without private ownership of the means of production.

Friedrich Hayek

The Use of Knowledge in Society

Friedrich Hayek · 1945

Nineteen pages. The clearest statement of why dispersed, tacit knowledge cannot be centralised, and why prices are an information system, not just a rationing mechanism.

Murray Rothbard

America's Great Depression

Murray Rothbard · 1963

Austrian Business Cycle Theory applied to the 1920s boom. Shows exactly how credit expansion creates the structure of production that then must be liquidated.

Murray Rothbard

Man, Economy, and State

Murray Rothbard · 1962

Rothbard rebuilding economics from first principles. The production structure analysis here is the most thorough working-out of Hayekian capital theory I have found.

Ludwig von Mises

The Theory of Money and Credit

Ludwig von Mises · 1912

Where Austrian monetary theory originates. The integration of money into the general theory of value, something Walrasian economics still has not managed.

Eugen von Böhm-Bawerk

Capital and Interest

Eugen von Böhm-Bawerk · 1884

The origin of time preference as an economic concept. Böhm-Bawerk's insight that roundabout production is more productive but requires patience is the root of everything above.

Henry Hazlitt

Economics in One Lesson

Henry Hazlitt · 1946

The best entry point. Every intervention has visible beneficiaries and invisible costs. Hazlitt makes the unseen visible. Once you see it, you cannot stop.