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Austrian Economics

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What is the Austrian school of economics?

More Thoughts on Austrian Theory. A while back I wrote a short post on why I reject Austrian theories of the business cycle (ABCT). Austrians were not impressed. I still retain similar objections, though over time I have realised there are more reasonable adherents of the Austrian school (though being reasonable basically forces them to conclude demand-side recessions are a possibility). This post will hopefully be more comprehensive than my previous one, but again is only based on a few major observations/objections, and will echo some of my previous comments.

Friedrich Hayek

Joesph Schumpeter. Ludwig von Mises. The Austrian School of Economics: An Introduction - Mises Audio/Video.