A fresh look at Austrian economists and the dynamic intellectual and political context in which they lived and worked.

This book argues that the work of the Austrian economists, including Carl Menger, Joseph Schumpeter, Ludwig von Mises and Friedrich Hayek, has been too narrowly interpreted. Through a study of Viennese politics and culture, it demonstrates that the project they were engaged in was much broader: the study and defense of a liberal civilization. Erwin Dekker shows the importance of the civilization in their work and how they conceptualized their own responsibilities toward that civilization, which was attacked left and right during the interwar period. Dekker argues that what differentiates their position is that they thought of themselves primarily as students of that civilization rather than as social scientists, or engineers. This unique focus and approach is related to the Viennese setting of the circles, which constitute the heart of Viennese intellectual life in the interwar period.

"From the Congress of Vienna to the Austria World Summit, the city of Vienna has hosted key meetings on peace to climate action. This is a first-class book about Vienna as the crossroads of civilization and as the international capital." —Arnold Schwarzenegger A rich and illuminating history of the world capital that has transformed art, culture, and politics. Vienna is unique amongst world capitals in its consistent international importance over the centuries. From the ascent of the Habsburgs as Europe's leading dynasty to the Congress of Vienna, which reordered Europe in the wake of Napoleon's downfall, to bridge-building summits during the Cold War, Vienna has been the scene of key moments in world history. Scores of pivotal figures were influenced by their time in Vienna, including: Empress Maria Theresa, Count Metternich, Bertha von Suttner, Theodore Herzl, Gustav Mahler, Adolf Hitler, Josef Stalin, John F. Kennedy, and many others. In a city of great composers, artists, and thinkers, it is here that both the most positive and destructive ideas of recent history have developed. From its time as the capital of an imperial superpower, through war, dissolution, dictatorship to democracy Vienna has reinvented itself and its relevance to the rest of the world.

This book examines the development of the ideas of the new Austrian school from its beginnings in Vienna in the 1870s to the present. It focuses primarily on showing how the coherent theme that emerges from the thought of Carl Menger, Ludwig von Mises, Friedrich Hayek, Ludwig Lachmann, Israel Kirzner and a variety of new younger Austrians is an examination of the implications of time and ignorance (or processes and knowledge) for economic theory.

From the bestselling author of The Ascent of Money and The Square and the Tower “A dazzling history of Western ideas.” —The Economist “Mr. Ferguson tells his story with characteristic verve and an eye for the felicitous phrase.” —Wall Street Journal “[W]ritten with vitality and verve . . . a tour de force.” —Boston Globe Western civilization’s rise to global dominance is the single most important historical phenomenon of the past five centuries. How did the West overtake its Eastern rivals? And has the zenith of Western power now passed? Acclaimed historian Niall Ferguson argues that beginning in the fifteenth century, the West developed six powerful new concepts, or “killer applications”—competition, science, the rule of law, modern medicine, consumerism, and the work ethic—that the Rest lacked, allowing it to surge past all other competitors. Yet now, Ferguson shows how the Rest have downloaded the killer apps the West once monopolized, while the West has literally lost faith in itself. Chronicling the rise and fall of empires alongside clashes (and fusions) of civilizations, Civilization: The West and the Rest recasts world history with force and wit. Boldly argued and teeming with memorable characters, this is Ferguson at his very best.

This book studies the role played by Jews in the explosion of cultural innovation in Vienna at the turn of the century, which had its roots in the years following the Ausgleich of 1867 and its demise in the sweeping events of the 1930s. The author shows that, in terms of personnel, Jews were predominant throughout most of Viennese high culture, and so any attempts to dismiss the "Jewish aspect" of the intelligentsia are refuted. The book goes on to explain this "Jewish aspect," dismissing any unitary, static model and adopting a historical approach that sees the "Jewishness" of Viennese modern culture as a result of the specific Jewish backgrounds of most of the leading cultural figures and their reactions to being Jewish.