Discover the Austrian School of Economics, where economists use philosophical approaches and thought experiments to solve complex market issues.

While Aristotle did not have advanced knowledge of economics, his causal-based view of reality set the stage for the development.

Forty years ago, during the week of June 15-22, 1974, the Austrian School of Economics was reborn during a conference in the small New England town of South Royalton, Vermont. Why was this important?

It's a safe bet that a lecture combining free-market economics, gender and wage gaps will generate attention on an average college campus. Add race and IQ to the equation, and it's all but certain to ...

Opinions expressed by Entrepreneur contributors are their own. Over 50 years ago, economist William Baumol noted that economics was a theory of the economy that left no place for entrepreneurship.

When a presidential candidate declares, as Ron Paul has, "We're all Austrians now," it's inevitable that his critics would try to discredit him—whether they understand what he's talking about or not.

The Austrian school of economics is a school of economic thought that emphasizes the importance of individual human action and free markets in economic decision-making. It has its origins in late 19th ...