In keeping with the Hillsdale College Mission Statement, the Department promotes an understanding of how economic ideas and the peaceful practice of commerce have contributed to the development of our Western heritage. A consistent free-market approach to economics and business distinguishes the Department’s faculty, curriculum and course content from typical college programs. However, what makes Hillsdale College unique among undergraduate institutions is its attention to the contributions of the Austrian School of Economics, especially as found in the writings of Ludwig von Mises and Friedrich A. Hayek.
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