Institute for the Study of Diplomacy Strategic Studies Institute, SSI International & Area Studies | Research UC Berkeley Skip to main content You are here Home International & Area Studies International & Area Studies International & Area Studies Exploring the world and tackling global problems have long been a key part of UC Berkeley’s traditions. Research on various regions of the world is facilitated by nine interdisciplinary international and area studies centers and institutes. IAS Centers & Institutes Africa Center for African Studies East Asia Institute of East Asian Studies Europe Institute of European Studies International Studies Institute of International Studies Latin America Center for Latin American Studies Middle East Center for Middle Eastern Studies Eastern Europe & Eurasia Institute of Slavic, East European and Eurasian Studies South Asia Center for South Asia Studies Southeast Asia Center for Southeast Asia Studies
Council on Foreign Relations International Peace Institute Institute on Globalization and the Human Condition (Right Navigation) — Faculty of Social Sciences Private Security Monitor | Sie | Korbel | University of Denver GIGA | German Institute of Global and Area Studies Bad Science International Institute | University of Wisconsin–Madison INCORE : Home Page Adam Smith Institute Oxford Analytica - Global Analysis and Advisory Austrian School of Economics: The Concise Encyclopedia of Economics The Austrian school of economics was founded in 1871 with the publication of Carl Menger’s Principles of Economics. menger, along with william stanley jevons and leon walras, developed the marginalist revolution in economic analysis. Menger dedicated Principles of Economics to his German colleague William Roscher, the leading figure in the German historical school, which dominated economic thinking in German-language countries. In his book, Menger argued that economic analysis is universally applicable and that the appropriate unit of analysis is man and his choices. These choices, he wrote, are determined by individual subjective preferences and the margin on which decisions are made (see marginalism). The logic of choice, he believed, is the essential building block to the development of a universally valid economic theory. The Science of Economics Proposition 1: Only individuals choose. Man, with his purposes and plans, is the beginning of all economic analysis. Microeconomics Peter J.