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ECON 5090 Seminar on the History of Economic Thought

Fall 2025

What is the "Austrian School" of economics?

"...school of economic thought founded in 1871 with the publication of Carl Menger's Principles of Economics. Considered a heterodox school from the mid-20th century forward, it has gotten renewed attention since 2007 when adherents predicted the financial crisis." - Vaughn, K., I. (2013). Austrian school of economics. In T. Cate (Ed.), An Encyclopedia of Keynesian Economics (2nd ed.). Edward Elgar Publishing.