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Steve Horwitz: What is Austrian Economics and What it is Not

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Event:
Steve Horwitz: What is Austrian Economics and What it is Not
Start:
June 6, 2013 6:00 pm
End:
June 6, 2013 8:00 pm
Category:
Organizer:
Bastiat Society
Updated:
May 17, 2013
Venue:
Intercollegiate Studies Institute
Address:
Google Map
3901 Centerville Road, Wilmington, DE, 19807, United States

 

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Austrian economics is often misunderstood in both the popular press and among intellectuals.  It is not “free market economics” nor is it “an ideology.”  The Austrian school is a tradition of economic analysis that dates back almost 150 years to the founding work of Carl Menger in Vienna of the 1870s.  The work of the Austrians is a set of ideas that is useful for analyzing and understanding the world;  it is not a set of policy conclusions about the value of the free market.  Making this distinction is important because the only way Austrian ideas will influence the debate over policy is if the Austrian analysis of human action is valid.

 

 

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