Human Action by Ludwig von Mises is the foundational work of Austrian economics, explaining how individual choices, driven by subjective values and scarce resources, shape the economy. It argues that free markets, entrepreneurship, and voluntary exchange lead to prosperity, while government intervention distorts prices and misallocates resources.

Democracy: The God That Failed by Hans-Hermann Hoppe critiques democracy from an Austrian and libertarian perspective, arguing that it leads to short-term governance, economic mismanagement, and moral decay. Hoppe contrasts democracy with monarchy and anarcho-capitalism, contending that private property-based societies produce more stability, prosperity, and long-term planning than democratic states.

Man, Economy, and State by Murray Rothbard is a systematic treatise on economics that builds upon Mises’ praxeology, explaining how individual action drives market processes. It rigorously analyzes production, money, monopoly, and government intervention, demonstrating that free markets maximize prosperity while state interference leads to inefficiencies and economic distortions.

Principles of Economics by Carl Menger lays the foundation of the Austrian School by introducing the concept of subjective value and explaining how individual choices determine prices, production, and the allocation of resources. Menger’s analysis of marginal utility revolutionized economic thought, showing that value comes from consumer preferences rather than intrinsic properties of goods.

The Machinery of Freedom by David Friedman explores how a fully privatized, anarcho-capitalist society could function without government, relying on voluntary contracts, private law, and market-based solutions for justice and defense. Combining economic theory with real-world examples, Friedman argues that competitive legal and security systems would be more efficient and just than state-controlled alternatives.

Economic Science and the Austrian Method by Hans-Hermann Hoppe defends the Austrian School’s praxeological approach, arguing that economic laws are derived from human action rather than empirical observation. Hoppe critiques positivism and empiricism in economics, emphasizing that logical deduction, not statistical analysis, is the proper method for understanding economic principles.

Anarchy and the Law by Edward P. Stringham compiles historical and theoretical essays arguing that legal systems can function without a state, relying on private institutions, voluntary agreements, and market-based enforcement. The book presents case studies and theoretical analyses showing how societies have successfully maintained order, property rights, and dispute resolution without government intervention.

The Politics of Obedience: The Discourse of Voluntary Servitude by Étienne de La Boétie examines why people submit to tyrannical rule and argues that governments only maintain power through public compliance. La Boétie contends that if people simply withdraw their consent, oppressive regimes would collapse, making passive resistance a powerful tool for liberty.

The State by Franz Oppenheimer distinguishes between two ways of acquiring wealth: the “economic means” of voluntary exchange and production, and the “political means” of coercion and state power. Oppenheimer argues that the state originates as an institution of conquest and exploitation, existing primarily to benefit a ruling class at the expense of productive individuals.

Principles of Economics by Saifedean Ammous is a university-level textbook that offers a comprehensive and engaging overview of economic concepts through the lens of the Austrian School. The book delves into foundational topics such as value, time, labor, property, capital, technology, and energy, emphasizing the role of individual choice and voluntary exchange in shaping economic outcomes.

How to Think About the Economy by Per Bylund is a concise introduction to economic reasoning, emphasizing how individuals make choices under scarcity to create value. It demystifies key concepts like entrepreneurship, market processes, and spontaneous order, providing a clear foundation for understanding how economies function without relying on government control.

The Road to Freedom and the Demise of Nation States by Peter B. Bos argues that democratic nation-states are inherently unstable and inefficient due to their lack of market-based feedback mechanisms. Bos advocates for a decentralized, contract-based society where individuals exercise sovereignty, leading to enhanced freedom, peace, and prosperity.

The Making of Modern Economics by Mark Skousen traces the history of economic thought, presenting a narrative that highlights the competition of ideas from Adam Smith to the present. Skousen argues that Smith’s invisible hand remains the dominant framework, while contrasting it with socialist, Keynesian, and Austrian perspectives to show how economic theories shape policy and society.

The Division of Labor in Society by Émile Durkheim explores how increasing specialization in modern economies fosters social cohesion and interdependence. Durkheim argues that while traditional societies rely on mechanical solidarity through shared beliefs, advanced societies develop organic solidarity, where cooperation and economic roles create stability despite individual differences.

Economic Reasoning by David Gordon is a clear and concise introduction to Austrian economic thought, emphasizing logical deduction over empirical methods. Gordon explains fundamental concepts like value, exchange, and price formation, showing how sound economic reasoning can expose fallacies in mainstream economic theories and government policies.

Wealth, Poverty, and Politics by Thomas Sowell examines the factors that influence economic disparities across nations and groups, arguing that geography, culture, history, and political policies play a greater role than exploitation or systemic oppression. Sowell critiques common myths about wealth inequality and demonstrates how free markets and policies that encourage productivity lead to greater prosperity.

Private Governance by Edward P. Stringham challenges the notion that governments are necessary for law and order, demonstrating how markets and voluntary institutions can create and enforce rules effectively. Using historical and contemporary examples, Stringham shows that private solutions—such as arbitration, reputation systems, and industry standards—often outperform state-imposed regulations in maintaining peace and economic cooperation.

The Road to Serfdom by F.A. Hayek warns that central economic planning and government control inevitably lead to tyranny, even when pursued with good intentions. Hayek argues that only free markets and limited government can preserve individual liberty, prosperity, and social order, making his work a timeless critique of socialism and collectivism.

Individualism and Economic Order by F.A. Hayek is a collection of essays defending free markets, decentralized decision-making, and the limits of government planning. Hayek argues that individual liberty and spontaneous order lead to economic prosperity, while collectivist policies and centralized control undermine knowledge, innovation, and societal progress.

What Has Government Done to Our Money? by Murray Rothbard explains how government control over money leads to inflation, economic instability, and the erosion of wealth. Rothbard advocates for a return to sound money, such as the gold standard, arguing that free-market banking is the only way to ensure stable and honest currency.

The Selfish Gene by Richard Dawkins revolutionizes our understanding of evolution by arguing that natural selection operates at the level of genes rather than individuals or species. Dawkins explains how genes act in their own interest, shaping behaviors like cooperation and altruism through mechanisms such as kin selection and reciprocal altruism.

Economics in One Lesson by Henry Hazlitt is a clear and concise introduction to economic principles, demonstrating how short-term policies often create long-term unintended consequences. Using real-world examples, Hazlitt dismantles common economic fallacies and emphasizes the importance of free markets, sound money, and limited government intervention.

Bureaucracy by Ludwig von Mises critiques the inefficiency and rigidity of bureaucratic management, contrasting it with the dynamic and profit-driven nature of free markets. Mises argues that bureaucracies, by their nature, lack the price signals and incentives necessary for rational decision-making, leading to waste, stagnation, and economic decline.

The School Revolution by Ron Paul critiques the failures of the government-run education system and advocates for decentralized, market-based alternatives. Paul promotes homeschooling, online learning, and self-directed education as superior models for fostering critical thinking, independence, and a true understanding of liberty.