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The Austrian Tradition
Mises Daily
Author: Edmund Shanahan
Online Publish Date:
Category: Business Cycles, Calculation and Knowledge, Capital and Interest Theory, Entrepreneurship, Fiscal Theory, Gold Standard, History of the Austrian School of Economics, Interventionism, Monetary Theory, Monopoly and Competition, Other Schools of Thought, Philosophy and Methodology, Political Theory, Production Theory
“We have progressively abandoned the freedom in economic affairs without which personal and political freedom has never existed in the past.” (F.A. Hayek, The Road to Serfdom ). Economic thinking today is divided into many schools of thought, such as the following : the Keynesians, the Post- Keynesians, the Rational Expectations School, the