I am very new to Austrian economic theory, I started out by listening to Jim Rogers, Peter Schiff, and Ron Paul, and now I am here. Books I have already read are Road to Serfdom, Economics in One Lesson, and the composition of essays in The Austrian Theory and the Trade Cycle. I have started to read other intro pieces such as 15 Great Austrian Economists and An Introduction to Austrian Economics by Thomas Taylor. Now that I feel like I’m starting to grasp basic concepts such as the business cycle, market manipulation by central banks, and inflation, I’m wondering if pieces like Theory of Money and Credit or Prices and Production are now at my level, or should I still hold off and keep reading works like those on the required reading list for the Mises Institute (which is actually my reading list at the moment). If I am able to understand both of the pieces, which one should I start with?
I don’t know what you’d be comfortable with, and I can’t say what “level” you are at, because I’m not inside your head. But, regardless of what level you’re at, some more good books include “What Has Government Done To Our Money,” “The Case Against The Fed” and “America’s Great Depression,” all by Murray Rothbard.
I forgot to mention What Has Gov’t Done to Our Money was the first book I read after The Revolution. America’s Great Depression sounds like a good one though. It’s easier for me to relate things in a real world context rather than just reading them in only the context of the theory itself. I’m getting in as much reading as I can now because once I go back to school if I read these books while taking macroeconomics (Keynesian Brainwashing 102) I’m going to be so focused on the short comings of the class that getting a good grade will be impossible.
It really depends on whether you feel more interested in applied economics/economic history or economic theory, as well as which one is easier for you to wrap your head around. All the essays and books mentioned are worthwhile.