We argue that the future of Austrian political economy rests on the study of how institutional entrepreneurs discover and implement alternative institutional arrangements conducive to economic growth. This requires a dual level of analysis in spontaneous order studies. How such institutional...

Carl Menger published Principles of Economics ([1871] 1976) 150 years ago in 1871, and he died 100 years ago in 1921 at the age of 81. Yet, what Joseph Schumpeter said of Menger after his death we could argue is still true today, “Menger is nobody's pupil and what he created stands”...