# Austrian School of Economics Summary::The school of economics developed primarily by economists originally from Austria. >[!Ref] Lexicon >A group of economists who developed the modern [subjective theory of value](https://www.freemarketcenter.com/lexicon/index.html#subjective%20theory%20of%20value) and applied it to the various problems of economics. Its founders and early leaders [Carl Menger](https://www.freemarketcenter.com/lexicon/index.html#Carl%20Menger) (1840-1921), Friedrich von Wieser (1851-1926), and [Eugen von Böhm-Bawerk](https://www.freemarketcenter.com/lexicon/index.html#Eugen%20von%20B%C3%B6hm-Bawerk) (1851-1914), as well as [Ludwig von Mises](https://www.freemarketcenter.com/lexicon/index.html#Ludwig%20von%20Mises) (1881-1973) and Friedrich A. Hayek (1899- )were all Austrian born. American [Murray N. Rothbard](https://www.freemarketcenter.com/lexicon/index.html#Murray%20N.%20Rothbard) also contributed to this body of work. > a type of economics based upon [deduction](https://www.freemarketcenter.com/lexicon/index.html#deduction) from the nature of [human action](https://www.freemarketcenter.com/lexicon/index.html#human%20action), especially stressing the [subjective nature of value](https://www.freemarketcenter.com/lexicon/index.html#subjective%20theory%20of%20value). Read how [Murray N. Rothbard](https://www.freemarketcenter.com/lexicon/index.html#Murray%20N.%20Rothbard) expresses [the soundness of Austrian economic thinking](https://www.freemarketcenter.com/lexicon/index.html#MurrayQuote). Also, see [Austrian School of Economics](https://www.freemarketcenter.com/lexicon/index.html#Austrian%20School%20of%20Economics) --- # References [[Introduction to Austrian School Economics - Godfrey Bloom]] [[Austrian Methodology]] Child::[[Characteristics of the Austrian School]], [[Austrian Methodology]], ## Free Market Center Web Page Link Link to Page on The Free Market Center: [Austrian School](file:///E:/Web%20Sites/freemarketcenter/schools/aus_school/index.html) Link to Austrian economics on OneDrive: [Austrian Economics](https://1drv.ms/f/s!Al3ZHKUMuwDsgb4ctm9cg2-r9KQhyA?e=dHrW96) --- --- --- # Publication Posted::[[Review Austrian School for Investors]] Posted::[[Introducing The Austrian Method]] Posted::[[Introducing Characteristics of Austrian School]] # Links [[Principle of Consumer Sovereignty]] [[Austrian Economics Description]] [[Austrian Economics Reading List]] [[Austrian Economists]] [[Debunking Seven Common Criticisms of Austrian Economics]] [[EconClips on YouTube]] [[February 23, 2020]] [[Free Markets Are Profoundly Equitable]] [[New Antieconomics]] [[Praxeology as Methodology]] [[Praxeology The Methodology of Austrian Economics]] [[Reference The Austrian School of Economics]] [[Rothbard Reader]] [[Top Ten Lies and Mistakes of Austrian Economics]] [[Why Austrian Economics Is Better than the Mainstream]] [[Why I Am Not an Austrian Economist]] [[Austrian Critique]] > [!Info]- Ignore dataview >## Backlink >Ignore this dataview. Plugins don't work on the website >```dataview Table Status, type as "Type" from [[]] and !outgoing([[]]) sort file.name asc >```