This paper focuses on the current situation and the historical development of Austrian Economics in Madrid. We will analyse the formation of this School as the result of the thesis defended by Joaquín Reig Albiol in the late fifties and the current economic debate surrounding the fractional reserve and other complex issues. In this half-century tour, we will explore three different generations of Austrian economists in Spain, whilst demonstrating that a distinct branch of the Austrian School is today live and well in Madrid. Eventually, we will discover how the Spanish Austrian economists have applied praxeology to contemporary political and economic problems and conclude that a vigorous and growing economic school of thought exists in Madrid.

Professor Huerta de Soto’s name has achieved great recognition among Spanish-speaking Austrians in recent times. Nevertheless, his thought and conclusions remained mostly unknown to English-speaking Austrians. This article focuses on his thought and contributions over a wide career in economics, law, history, and all the social science branches. We will have the opportunity to introduce his conclusions about central banking, entrepreneurship, history of economic thought, and political philosophy. As we can see, his conclusions encompass many disciplines of social science in a clear application of the Austrian method. We conclude by describing how he has created a living branch of the Austrian school, one of the most important in Europe currently.

En el presente artículo buscamos analizar las raíces que dieron lugar a la teoría marxista de la explotación. Sin lugar a duda, la afirmación de que la clase trabajadora no recibe la totalidad del valor añadido en su producción ha sido uno de los grandes caballos de batalla utilizados por los reformadores socialistas. Sin embargo, veremos que esta idea no se forjó en un momento determinado, sino a través de un proceso dilatado de tiempo que tuvo su culminación durante el movimiento obrero de la segundad mitad del s. XIX. Así, concluiremos que Marx halló la teoría perfectamente definida y que únicamente se limitó a la añadir la confrontación dialéctica entre clases sociales para dar respaldo a su reforma social. Por último, añadiremos la crítica austriaca, especialmente por parte de Böhm-Bawerk, a dicha teoría de la explotación. Para ello, utilizaremos una metodología basada en el comentario sobre los textos originales de las fuentes consultadas.

Este trabajo presenta una experiencia de innovación docente basada en la implementación de un experimento de mercado simulado en la asignatura de Microeconomía I del Grado en Administración y Dirección de Empresas. A través de una metodología cuasi-experimental con grupo de control, se analiza el impacto del aprendizaje experiencial en la comprensión de conceptos clave como la oferta, la demanda y la formación del precio de equilibrio. Los resultados muestran efectos positivos no generalizados en el rendimiento académico, pero evidencian una alta satisfacción del alumnado y una mejora en la comprensión aplicada de los contenidos. Asimismo, se analiza el uso de distintos métodos de resolución de problemas, destacando la eficacia de enfoques visuales frente al razonamiento exclusivamente textual.

This paper examines the inflationary episode of 1603 in Spain through the lens of Austrian Economic Theory. The study focuses on the effects of monetary expansion caused by the influx of precious metals from the Americas and its impact on real wages and raw material prices. Through the analysis of historical data and the application of statistical methods, this study identifies key relationships between monetary inflows, price levels, and income distribution. The findings indicate that the rapid expansion of the money supply triggered inflation, disproportionately impacting various sectors of society. Using the Cantillon Effect as a framework, the study explains how monetary expansion led to uneven wealth redistribution and production distortions. Additionally, the Austrian Business Cycle Theory highlights the consequences of artificial monetary growth, including the misallocation of resources and reduced purchasing power for wage earners. This study employs historical data from Edward J. Hamilton and other sources, utilizing normalization techniques and regression models to empirically examine the economic dynamics of this period. By bridging theoretical insights with empirical analysis, this paper contributes to a deeper understanding of early modern inflationary processes and offers lessons applicable to contemporary economic challenges.