Austrian Economics

Austrian Economics
Author :
Publisher : Cato Institute
Total Pages : 167
Release :
ISBN-10 : 9781948647960
ISBN-13 : 1948647966
Rating : 4/5 (60 Downloads)

Book Synopsis Austrian Economics by : Steven Horwitz

Download or read book Austrian Economics written by Steven Horwitz and published by Cato Institute. This book was released on 2020-07-14 with total page 167 pages. Available in PDF, EPUB and Kindle. Book excerpt: What if economics began with people? Choice is an essential feature of the human condition. Every time we embark on a given plan of action, big or small, we make a choice. Whereas many economists model people’s behavior using idealized assumptions, economists of the Austrian School don’t. The Austrian School of Economics takes people as they are and constructs economic theories by examining the logical structure of the choices they make. Austrian Economics: An Introduction book explains the Austrian School’s insights on a wide range of economic topics and introduces some of its key thinkers. It also explains the relationship between the Austrian School and mainstream economics and delves into the criticisms that Austrian School economists have mounted against communist and socialist economic thought.


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