Why Austrian economics matters
Economic Annals-XXI: Volume 111, Issue 11-12, Pages: 11-17
Citation information:
Llewellyn H. Rockwell Jr. (2010). Why Austrian economics matters. Economic Annals-XXI, 11-12, 11-17. https://ea21journal.world/index.php/ea-v111-03/
Llewellyn H. Rockwell Jr.
Why Austrian economics matters
Abstract. Economics, wrote Joseph Schumpeter, is «a big omnibus which contains many passengers of incommensurable interests and abilities». That is, economists are an incoherent and ineffectual lot, and their reputation reflects it. Yet it need not be so, for the economist attempts to answer the most profound question regarding the material world. Austrian School it not a field within economics, but an alternative way of looking at the entire science.
Keywords: Austrian Economics School; Economics School; Economic Science
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