Economics Dictionary of Arguments

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Austrian School: The Austrian School of Economics is an economic school of thought that originated in Vienna during the late 19th century with the works of Carl Menger. The school is known for its emphasis on methodological individualism, subjectivism, and the importance of entrepreneurial discovery. Also see Ludwig von Mises, Friedrich A. von Hayek, Carl Menger, Method.
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Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments.

 
Author Concept Summary/Quotes Sources

Carl Menger on Austrian School - Dictionary of Arguments

Mause I 70f
Austrian School/Menger: Representatives: After the pioneers from the second half of the 19th century (Carl Menger, Eugen v. Böhm-Bawerk and Friedrich v. Wieser), the Austrian school in the 20th century was mainly influenced by three economists: Joseph A. Schumpeter (1883- 1950), Ludwig v. Mises (1881- 1973) and Friedrich A. v. Hayek (1899- 1992).
Characteristics of the Austrian school: a pronounced subjectivism, the emphasis on "real" insecurity, the appreciation of entrepreneurship and a very liberal basic attitude to economic policy.
>J. A. Schumpeter
, >L. v. Mises, >F. A. v. Hayek, >Subjectivism, >Liberalism.

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Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments
The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.



Meng I
K. Menger
Selected Papers in Logic and Foundations, Didactics, Economics (Vienna Circle Collection) 1979

Mause I
Karsten Mause
Christian Müller
Klaus Schubert,
Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018

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