There are numerous critics of the Austrian School of economics, but when their disparagements are closely examined, the so-called experts themselves are wrong. Austrians can do a better job of setting the record straight.
Eduard Bucher
Eduard Bucher is a graduate of the Mises Institute’s MA program in Austrian Economics. He is the CEO of Nerum Pharmaceuticals, a Swiss pharmaceutical ingredient start-up, and has been involved with several other entrepreneurial ventures, including private city projects. He lives in Spain with his wife and their newborn son.
Latest work
Critics of Austrian economics often claim that real economic events are too complex to be dealt with via free markets. However, because Austrian economics is based upon understanding human action, it better explains why economic intervention routinely fails.
Richard Duncan recently appeared on the podcast Wealth Formula to discuss the Austrian School of economics. Despite being only 42 minutes long, the episode is packed full of errors and fallacies. What...
