Austrian School
About
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About Austrian School
The Austrian School of Economics is a tradition of economic thought that emphasizes the spontaneous order of the market and the importance of individual decision-making. It was founded in the late 19th century by Carl Menger and further developed by Friedrich Hayek and Ludwig von Mises.
Austrian School's Area of Expertise
Key areas of expertise include subjective value theory, marginal analysis, and the role of entrepreneurship in economic growth.
A random fact that I love is...
The Austrian School of Economics has had a significant impact on economics, influencing the development of free-market capitalism and inspiring a new generation of economists.