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Austrian School

Summary

  • The Austrian School is a school of economic thought that rejects opposing economists' reliance on methods used in natural science for the study of human action, and instead bases its formalism of economics on relationships through logic or introspection called "praxeology." Its most famous adherents are Carl Menger, Eugen von Böhm-Bawerk, Friedrich von Wieser, Ludwig von Mises, Friedrich von Hayek, Murray Rothbard, Israel Kirzner and Hans-Hermann Hoppe.

 

Soundex: A236 ( A236 S24 )

Metaphone: ASTRNSXL

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