Loterre: SAGE: Austrian school of economics

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social science subjects > economics > economic concepts > schools of economics > Austrian school of economics

social science subjects > economics > schools of economics > Austrian school of economics

Austrian school of economics

What is it about the Austrian School of Economics that attracts adherents even more than 100 years after the school's founding by Carl Menger in 1871? Many think the answer lies in the libertarianism that is so closely associated with this analysis of economic issues. No doubt in the case of many teachers and scholars, the libertarian conclusions reached by many Austrian economists go a long way toward explaining their interest in the subject. [Source: The Encyclopedia of Libertarianism; Economics, Austrian School of]

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