War and the Austrian School: Ludwig von Mises and Friedrich von Hayek


  • Christopher Westley
  • William L. Anderson
  • Scott A. Kjar




Austrian School, war, peace, Mises, Hayek


The Austrian school of economics is generally considered an antiwar school. The Austrian view is not derived from a religious or class-based ideological viewpoints, but instead derives entirely from the school's fundamental economic tenets. This article examines the writings of Ludwig von Mises and Friedrich von Hayek as they relate to war and the causes of war. (A predecessor article on Carl Menger, Eugen von Böhm-Bawerk, and Friedrich von Wieser, the founders of the Austrian School, appeared in vol. 5, no. 1 of this journal.)


Bell, D.A. 2007. The First Total War. New York: Houghton Mifflin Company.

Brutzkuz, B. 1935. Economic Planning in Russia. London: Routledge and Sons.

Coen, D.R. 2007. Vienna in the Age of Uncertainty. Chicago, IL: The University of Chicago Press.

Denson, J.V. 1999. The Costs of War. New Brunswick, N.J.: Transaction Publishers.

Grassl, W. and B.Smith, eds. 1986. Austrian Economics: Historical and Philosophical Background. New York: New York University Press.

Hayek, F.A. 1935 [1975]. “Socialist Calculation,” in F.A. Hayek, ed., Collectivist Economic Planning. New York: Augustus M. Kelly.

Hayek, F.A. 1939a. “Prices versus Rationing.” The Banker. Vol. 51 (September).

Hayek, F.A. 1939b. “The Economy of Capital.” The Banker. Vol. 52 (October).

Hayek, F.A. 1941. “The Economics of Planning.” The Liberal Review. Vol. 1, pp. 1-5.

Hayek, F.A. 1944. The Road to Serfdom. London: Routledge.

Hayek, F.A. 1945. “The Use of Knowledge in Society.” American Economic Review. Vol. 35, Number 4, pp. 519-530.

Hayek, F.A. 1948 [1996]. Individualism and Economic Order. Chicago, IL: The University of Chicago Press.

Hayek, F.A. 1952. The Sensory Order. London: Routledge and Kegan Paul.

Hayek, F.A. 1988. The Fatal Conceit. London: Routledge.

Heilbroner, R.L. 1990. “After Communism.” The New Yorker. 10 September 1990, pp. 91-100.

Higgs, R. 1987. Crisis and Leviathan: Critical Episodes in the Growth of American Government. New York: Oxford University Press.

Higgs, R. 1992. “Wartime Prosperity? A Reassessment of the U.S. Economy in the 1940s.” The Journal of Economic History. Vol. 52, No. 1, pp. 41-60.

Hülsmann, J.G. 2007. Mises: The Last Knight of Liberalism. Auburn, AL: Ludwig von Mises Institute.

Kjar, S.A. and W.L. Anderson. 2009. “War and the Austrian School: Applying the Economics of the Founders.” The Economics of Peace and Security Journal. Vol. 5, No. 1, pp. 6-11.

Mises, L. 1944a. Omnipotent Government: The Rise of the Total State and Total War. New Haven, CT: Yale University Press.

Mises, L. 1944b. Bureaucracy. New Haven, CT: Yale University Press.

Mises, L. 1949. Human Action. New Haven, CT: Yale University Press.

Mises, L. 1922 [1981]. Socialism: An Economic and Sociological Analysis. Indianapolis, IN: Liberty PressLiberty Classics.

Mises, L. 1919 [1983]. Nation, Staat und Wirtschaft. Vienna: Manz. Translated by L.B. Yeager, Nation, State, and Economy. New York: New York University Press.

Mises, L. 1912 [1934, 1980]. The Theory of Money and Credit. London: Jonathan. Reprinted Indianapolis, IN: Liberty Classics.

Nobel Prize Committee. 1974. “The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1974.” http://nobelprize.org/ nobel_prizes/economics/laureates/1974/ [accessed 22 November 2010].

Porter, B. 1994. War and the Rise of the State. New York: The Free Press.

Robbins, L. 1947. The Economic Problem in Peace and War. London: Macmillan.

Southerland, D.E. 1998. The Emergence of Total War. Abilene, TX: The McWhiney Foundation Press.




How to Cite

Westley, C., Anderson, W. L., & Kjar, S. A. (2011). War and the Austrian School: Ludwig von Mises and Friedrich von Hayek. The Economics of Peace and Security Journal, 6(1). https://doi.org/10.15355/epsj.6.1.28




Similar Articles

1 2 3 4 5 6 7 8 9 10 > >> 

You may also start an advanced similarity search for this article.