Just curious, where does Hayek fit into the hierarchy of the Austrian School? I always thought that he was right there with Mises, but I’ve hear some rumblings that he’s not as good. Any insights as I’m planning my reading of the Austrians?
Carl Menger founded the Austrian school. Two lines of thought came from his work. The main line was developed by Boehm-Bawerk and Mises. The branch line was developed by Wieser and Hayek,
Joe Salerno has written about the differences between the two branches:
Thanks for the links! As I begin reading through the Austrians, then, should I start with Mises and then move to Hayek and Rothbard? From the Salerno article it seems like I’d be missing foundational points by not reading Mises first.
Yes, reading in the Mises line gives you the foundation. If your interest is more in economics than other related subjects, you might even consider reading Rothbard’s book, Man, Economy, and State before tackling Mises’s book, Human Action. Having mastered the main line, then move on to Hayek’s economics (for example, his book, Prices and Production).
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