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Austrian economics

Seminal Works

  • Principles of Economics (1871) by Carl Menger

  • Capital and Interest (1884–1921) by Eugen von Böhm-Bawerk

  • Human Action (1940–1949) by Ludwig von Mises

  • Economics in One Lesson (1946) by Henry Hazlitt

  • Individualism and Economic Order (1948) by Friedrich Hayek

  • Man, Economy, and State (1962) by Murray N. Rothbard

  • Competition and Entrepreneurship (1973) by Israel M. Kirzner

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What is the Austrian Economic School of thought?(2 Answers)
A: The Austrians center their analysis on the individual, i.e. the individual actions which in turn lead to choices based on your preferences and values of the real ...
What is the difference between Austrian Economics and the "Chicago School" of neoclassic economics?(1 Answer)
A: Here are two quality links from the Library of Economics that explains Neoclassical and Austrian Economics. http://www.flickr.com/photos/33749589@N07/3275179817/
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References

Fast Facts

  • Austrain School

    A school of economic thought also known as the Vienna school or Pyschological school.

  • Human Behavior

    Human Behavior makes mathematical modeling almost impossible so they promote a hands off approach to economic thought.

  • Founders

    Ludvig Von Mises, Carl Menger, and Eugene Von Bohm-Bawerk

  • Supporters

    Henry Hazlitt, Murray Rothbard, Nobel Laureate Friedrich Hayek, Ron Paul, and Lew Rockwell.

  • Individualism

    Strict adherance to methodlogical individualism

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