a school of economic thought

The Austrian School of economics is a school of economic thought that derives economic thought's name from economic thought's Austrian founders and early supporters, including Carl Menger, Eugen von Böhm-Bawerk and Ludwig von Mises.

an intellectual tradition in economics and political economy

The Austrian School of Economics is an intellectual tradition in economics and political economy dating back to Carl Menger in the late-19th century.

a free market school of economics

Just so we’re on the same page, the Austrian school of economics is a free market school of economics.

to a certain “school of thought”

The Austrian School of economics refers to a certain “school of thought” in regards to economic theory that has economic theory's roots in the economic theorists who came out of Austria in the late 19th and early 20th centuries.

a school of economic thought which supports the libertarian philosophy by pointing out the inefficiency and ineffectualness of government intervention

The Austrian school of economics is a school of economic thought which supports the libertarian philosophy by pointing out the inefficiency and ineffectualness of government intervention.

on the macroeconomic effects of money supply

The Austrian school of economics focuses on the macroeconomic effects of money supply and how central banking decisions can lead to malinvestment.

a school of economic thought based on the analysis of human actions

First, Austrian economics is a school of economic thought based on the analysis of human actions, scientifically known as praxeology.

libertarian philosophy masquerading as a school of economic thought

Austrian economics (or the Austrian school of economics) is libertarian philosophy masquerading as a school of economic thought.

a tiny group of libertarians at war with mainstream economics

The Austrian School of Economics is a tiny group of libertarians at war with mainstream economics.

the one branch of economics that has one theory of practice that applies from the very smallest examples at the micro end of the scale to the largest examples at the macro scale

The Austrian school of economics is the one branch of economics that has one theory of practice that applies from the very smallest examples at the micro end of the scale to the largest examples at the macro scale.

The Austrian School, a school of economic thought founded in 1871

The Austrian School, a school of economic thought founded in 1871, holds among economic thought's core tenets the idea that economic manipulation by central banks is not beneficial.

one of the oldest economic perspectives

The Austrian school of economics is one of the oldest economic perspectives, originating in the 19th century in Vienna.

the champion of libertarianism

The Austrian School of economics, founded by Carl Menger and popularized by Ludwig von Mises and Friedrich A. Hayek, is the champion of libertarianism, apostle of free markets and the laissez faire state, and of course, the bane of Marx and Marxist political economy.

its country of origin

Named for its country of origin, the Austrian School of economics was founded by Carl Menger (1840-1921), a professor of political economy at the University of Vienna from 1873 to 1903.

an alternative to the mainstream approach

The Austrian School of economics is an alternative to the mainstream approach.

the only school of thought providing an actual explanation for the emergence of economic busts

While the founding father of modern macroeconomics, John Maynard Keynes, with John Maynard Keynes's profound insights identified animal spirits as the causative factor for depressions, the Austrian School of Economics is the only school of thought providing an actual explanation for the emergence of economic busts.

a movement originally formed in opposition to the methodological perspective

The Austrian School of Economics was a movement originally formed in opposition to the methodological perspective of the methodological perspective's rival, the German Historical School.

an entirely different approach that dissents from the mainstream

More than a field within economics, the Austrian School is an entirely different approach that dissents from the mainstream on method, theory, and policy.

for economics's aversion

The Austrian School of economics is known for economics's aversion to mathematical modeling of human behavior.

a rigorous and logical approach

Rooted in the tradition of Carl Menger and Ludwig von Mises, as well as Murray Rothbard and F.A. Hayek, the Austrian School offers a rigorous and logical approach to economics that gives free markets their due and takes full account of the reality of human choice.