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127 relations: A priori and a posteriori, Abraham Wald, Alan Greenspan, America's Great Depression, American Economic Association, Auburn University, Austrian business cycle theory, Austrian Empire, Austrian School, Business cycle, Capital good, Capital intensity, Carl Menger, Cato Institute, Central bank, Commercial bank, Consumer sovereignty, Cornell University, Diagram, Econometrics, Economic Calculation in the Socialist Commonwealth, Economic calculation problem, Economic model, Economics, Economics in One Lesson, Empirical evidence, Empiricism, Eugen Böhm von Bawerk, Federal Reserve System, Financial crisis of 2007–2008, Frank Fetter, Friedrich Hayek, Friedrich von Wieser, Fritz Machlup, George Mason University, George Reisman, Gordon Tullock, Gottfried Haberler, Gustav von Schmoller, Hans-Hermann Hoppe, Hegelianism, Henry Hazlitt, Heterodox economics, Historical school of economics, Human Action, Individualism, Israel Kirzner, James M. Buchanan, Jeffrey Sachs, Jesús Huerta de Soto, ..., John Maynard Keynes, Joseph Salerno, Journal of Political Economy, Karl Marx, Karl Menger, King Juan Carlos University, Leland B. Yeager, Liquidity preference, List of Austrian intellectual traditions, List of Austrian School economists, Loyola University New Orleans, Ludwig Lachmann, Ludwig von Mises, Macroeconomics, Mainstream economics, Malinvestment, Marginal utility, Marginalism, Mark Blaug, Martin Luther University of Halle-Wittenberg, Marxian economics, Mathematical model, Max Weber, Means of production, Methodenstreit, Methodological individualism, Microeconomics, Milton Friedman, Mises Institute, Murray Rothbard, Mutual exclusivity, Natural philosophy, Neoclassical economics, New institutional economics, New York University, Nobel Memorial Prize in Economic Sciences, Opportunity cost, Paul Krugman, Paul Samuelson, Perspectives on capitalism by school of thought, Peter Boettke, Peter G. Klein, Peter Leeson, Praxeology, Price discovery, Principles of Economics (Menger), Quarterly Journal of Austrian Economics, Robert P. Murphy, Roger Garrison, Roundaboutness, Routledge, Scarcity, School of Salamanca, Schools of economic thought, Scientific method, Socialist economics, Spontaneous order, Steven Horwitz, Subjective theory of value, Supply and demand, The American Economic Review, The Failure of the New Economics, The Freeman, The General Theory of Employment, Interest and Money, The New Palgrave Dictionary of Economics, The New York Times, The Road to Serfdom, Theory of Games and Economic Behavior, Thomas Mayer (American economist), Thought experiment, Universidad Francisco Marroquín, Utility, Vienna, Von Neumann–Morgenstern utility theorem, Walter Block, Warren Samuels, Zhang Weiying. Expand index (77 more) »
A priori and a posteriori
The Latin phrases a priori ("from the earlier") and a posteriori ("from the latter") are philosophical terms of art popularized by Immanuel Kant's Critique of Pure Reason (first published in 1781, second edition in 1787), one of the most influential works in the history of philosophy.
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Abraham Wald
Abraham Wald (Hungarian: Wald Ábrahám, –) was an American mathematician who contributed to decision theory, geometry, and econometrics, and founded the field of statistical sequential analysis.
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Alan Greenspan
Alan Greenspan (born March 6, 1926) is an American economist who served as Chairman of the Federal Reserve of the United States from 1987 to 2006.
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America's Great Depression
America's Great Depression is a 1963 treatise on the 1930s Great Depression and its root causes, written by Austrian School economist and author Murray Rothbard.
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American Economic Association
The American Economic Association (AEA) is a learned society in the field of economics, headquartered in Nashville, Tennessee.
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Auburn University
Auburn University (AU or Auburn) is a public research university in Auburn, Alabama, United States.
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Austrian business cycle theory
The Austrian business cycle theory (ABCT) is an economic theory developed by the Austrian School of economics about how business cycles occur.
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Austrian Empire
The Austrian Empire (Kaiserthum Oesterreich, modern spelling Kaisertum Österreich) was a Central European multinational great power from 1804 to 1919, created by proclamation out of the realms of the Habsburgs.
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Austrian School
The Austrian School is a school of economic thought that is based on methodological individualism—the concept that social phenomena result from the motivations and actions of individuals.
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Business cycle
The business cycle, also known as the economic cycle or trade cycle, is the downward and upward movement of gross domestic product (GDP) around its long-term growth trend.
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Capital good
A capital good is a durable good (one that does not quickly wear out) that is used in the production of goods or services.
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Capital intensity
Capital intensity is the amount of fixed or real capital present in relation to other factors of production, especially labor.
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Carl Menger
Carl Menger (February 23, 1840 – February 26, 1921) was an Austrian economist and the founder of the Austrian School of economics.
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Cato Institute
The Cato Institute is an American libertarian think tank headquartered in Washington, D.C. It was founded as the Charles Koch Foundation in 1974 by Ed Crane, Murray Rothbard, and Charles Koch, chairman of the board and chief executive officer of the conglomerate Koch Industries.
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Central bank
A central bank, reserve bank, or monetary authority is an institution that manages a state's currency, money supply, and interest rates.
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Commercial bank
A commercial bank is an institution that provides services such as accepting deposits, providing business loans, and offering basic investment products.
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Consumer sovereignty
Consumer sovereignty is an economic concept described by William Harold Hutt in his book Economists and the Public:A Study of Competition and Opinion (1936).
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Cornell University
Cornell University is a private and statutory Ivy League research university located in Ithaca, New York.
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Diagram
A diagram is a symbolic representation of information according to some visualization technique.
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Econometrics
Econometrics is the application of statistical methods to economic data and is described as the branch of economics that aims to give empirical content to economic relations.
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Economic Calculation in the Socialist Commonwealth
"Economic Calculation In The Socialist Commonwealth" is an article by Austrian School economist Ludwig von Mises.
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Economic calculation problem
The economic calculation problem is a criticism of using economic planning as a substitute for market-based allocation of the factors of production.
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Economic model
In economics, a model is a theoretical construct representing economic processes by a set of variables and a set of logical and/or quantitative relationships between them.
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Economics
Economics is the social science that studies the production, distribution, and consumption of goods and services.
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Economics in One Lesson
Economics in One Lesson is an introduction to free market economics written by Henry Hazlitt and first published in 1946.
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Empirical evidence
Empirical evidence, also known as sensory experience, is the information received by means of the senses, particularly by observation and documentation of patterns and behavior through experimentation.
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Empiricism
In philosophy, empiricism is a theory that states that knowledge comes only or primarily from sensory experience.
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Eugen Böhm von Bawerk
Eugen Böhm Ritter von Bawerk (born Eugen Böhm, 12 February 1851 – 27 August 1914) was an Austrian economist who made important contributions to the development of the Austrian School of Economics.
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Federal Reserve System
The Federal Reserve System (also known as the Federal Reserve or simply the Fed) is the central banking system of the United States of America.
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Financial crisis of 2007–2008
The financial crisis of 2007–2008, also known as the global financial crisis and the 2008 financial crisis, is considered by many economists to have been the worst financial crisis since the Great Depression of the 1930s.
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Frank Fetter
Frank Albert Fetter (March 8, 1863 – March 21, 1949) was an American economist of the Austrian School.
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Friedrich Hayek
Friedrich August von Hayek (8 May 189923 March 1992), often referred to by his initials F. A. Hayek, was an Austrian-British economist and philosopher best known for his defense of classical liberalism.
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Friedrich von Wieser
Friedrich Freiherr von Wieser (10 July 1851 – 22 July 1926) was an early (so-called "first generation") economist of the Austrian School of economics.
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Fritz Machlup
Fritz Machlup (December 15, 1902 – January 30, 1983) was an Austrian-American economist who was president of the International Economic Association from 1971–1974.
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George Mason University
George Mason University (GMU, Mason, or George Mason) is a public research university in Fairfax County, Virginia.
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George Reisman
George Gerald Reisman (born January 13, 1937)"George Gerald Reisman" (2002), Contemporary Authors Online, Gale, Retrieved on January 18, 2007.
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Gordon Tullock
Gordon Tullock (February 13, 1922 – November 3, 2014) was an economist and professor of law and Economics at the George Mason University School of Law.
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Gottfried Haberler
Gottfried von Haberler (July 20, 1900 – May 6, 1995) was an Austrian-American economist.
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Gustav von Schmoller
Gustav von Schmoller (24 June 1838 – 27 June 1917) was the leader of the "younger" German historical school of economics.
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Hans-Hermann Hoppe
Hans-Hermann Hoppe (born September 2, 1949) is a German-born American Austrian School economist, and paleolibertarian anarcho-capitalist philosopher.
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Hegelianism
Hegelianism is the philosophy of G. W. F. Hegel which can be summed up by the dictum that "the rational alone is real", which means that all reality is capable of being expressed in rational categories.
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Henry Hazlitt
Henry Stuart Hazlitt (November 28, 1894July 9, 1993) was an American journalist who wrote about business and economics for such publications as The Wall Street Journal, The Nation, The American Mercury, Newsweek, and The New York Times.
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Heterodox economics
Heterodoxy is a term that may be used in contrast with orthodoxy in schools of economic thought or methodologies, that may be beyond neoclassical economics.
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Historical school of economics
The historical school of economics was an approach to academic economics and to public administration that emerged in the 19th century in Germany, and held sway there until well into the 20th century.
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Human Action
Human Action: A Treatise on Economics is a work by the Austrian economist and philosopher Ludwig von Mises.
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Individualism
Individualism is the moral stance, political philosophy, ideology, or social outlook that emphasizes the moral worth of the individual.
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Israel Kirzner
Israel Meir Kirzner (also Yisroel Mayer Kirzner; born February 13, 1930) is a British-born American economist closely identified with the Austrian School.
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James M. Buchanan
James McGill Buchanan Jr. (October 3, 1919 – January 9, 2013) was an American economist known for his work on public choice theory (included in his most famous work, co-authored with Gordon Tullock, The Calculus of Consent, 1962), for which he received the Nobel Memorial Prize in Economic Sciences in 1986.
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Jeffrey Sachs
Jeffrey David Sachs (born November 5, 1954) is an American economist and director of the Earth Institute at Columbia University, where he holds the title of University Professor, the highest rank Columbia bestows on its faculty.
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Jesús Huerta de Soto
Jesús Huerta de Soto Ballester (born 1956) is a Spanish economist of the Austrian School.
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John Maynard Keynes
John Maynard Keynes, 1st Baron Keynes (5 June 1883 – 21 April 1946), was a British economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments.
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Joseph Salerno
Joseph T. Salerno (born 1950) is an American Austrian School economist who is Professor of Economics, Chair of the economics graduate program in the Lubin School of Business at Pace University, and Academic Vice President of the Ludwig von Mises Institute.
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Journal of Political Economy
The Journal of Political Economy is a bimonthly peer-reviewed academic journal published by the University of Chicago Press.
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Karl Marx
Karl MarxThe name "Karl Heinrich Marx", used in various lexicons, is based on an error.
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Karl Menger
Karl Menger (January 13, 1902 – October 5, 1985) was an Austrian-American mathematician.
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King Juan Carlos University
King Juan Carlos University (Universidad Rey Juan Carlos, URJC) is a Spanish public research university located in the southern area of the Community of Madrid (Spain), with four campuses at Móstoles, Alcorcón, Vicálvaro and Fuenlabrada.
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Leland B. Yeager
Leland Bennett Yeager (November 4, 1924 – April 23, 2018) was an American economist and an expert on monetary policy and international trade.
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Liquidity preference
In macroeconomic theory, liquidity preference is the demand for money, considered as liquidity.
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List of Austrian intellectual traditions
This is an incomplete list of topics relating to the intellectual traditions of Austria.
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List of Austrian School economists
This is a list of notable economists aligned with the Austrian School who are sometimes colloquially called "the Austrians".
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Loyola University New Orleans
Loyola University New Orleans is a private, co-educational, Jesuit university located in New Orleans, Louisiana.
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Ludwig Lachmann
Ludwig Maurits Lachmann (1 February 1906 – 17 December 1990) was a German economist who became a member of and important contributor to the Austrian School of economics.
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Ludwig von Mises
Ludwig Heinrich Edler von Mises (29 September 1881 – 10 October 1973) was an Austrian-American theoretical Austrian School economist.
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Macroeconomics
Macroeconomics (from the Greek prefix makro- meaning "large" and economics) is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole.
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Mainstream economics
Mainstream economics may be used to describe the body of knowledge, theories, and models of economics, as taught across universities, that are generally accepted by economists as a basis for discussion.
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Malinvestment
In Austrian business cycle theory, malinvestments are badly allocated business investments, due to artificially low cost of credit and an unsustainable increase in money supply.
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Marginal utility
In economics, utility is the satisfaction or benefit derived by consuming a product; thus the marginal utility of a good or service is the change in the utility from an increase in the consumption of that good or service.
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Marginalism
Marginalism is a theory of economics that attempts to explain the discrepancy in the value of goods and services by reference to their secondary, or marginal, utility.
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Mark Blaug
Mark Blaug FBA (3 April 1927 – 18 November 2011) was a Dutch-born British economist (naturalised in 1982), who covered a broad range of topics during his long career.
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Martin Luther University of Halle-Wittenberg
The Martin Luther University of Halle-Wittenberg (Martin-Luther-Universität Halle-Wittenberg), also referred to as MLU, is a public, research-oriented university in the cities of Halle and Wittenberg in Saxony-Anhalt, Germany.
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Marxian economics
Marxian economics, or the Marxian school of economics, refers to a school of economic thought tracing its foundations to the critique of classical political economy first expounded upon by Karl Marx and Friedrich Engels.
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Mathematical model
A mathematical model is a description of a system using mathematical concepts and language.
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Max Weber
Maximilian Karl Emil "Max" Weber (21 April 1864 – 14 June 1920) was a German sociologist, philosopher, jurist, and political economist.
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Means of production
In economics and sociology, the means of production (also called capital goods) are physical non-human and non-financial inputs used in the production of economic value.
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Methodenstreit
Methodenstreit (German for "method dispute"), in intellectual history beyond German-language discourse, was an economics controversy commenced in the 1880s and persisting for more than a decade, between that field's Austrian School and the (German) Historical School.
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Methodological individualism
Methodological individualism is the requirement that causal accounts of social phenomena explain how they result from the motivations and actions of individual agents, at least in principle.
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Microeconomics
Microeconomics (from Greek prefix mikro- meaning "small") is a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms.
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Milton Friedman
Milton Friedman (July 31, 1912 – November 16, 2006) was an American economist who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy.
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Mises Institute
The Mises Institute, short name for Ludwig von Mises Institute for Austrian Economics, is a tax-exempt educative organization located in Auburn, Alabama, United States.
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Murray Rothbard
Murray Newton Rothbard (March 2, 1926 – January 7, 1995) was an American heterodox economist of the Austrian School, a historian and a political theorist whose writings and personal influence played a seminal role in the development of modern right-libertarianism.
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Mutual exclusivity
In logic and probability theory, two events (or propositions) are mutually exclusive or disjoint if they cannot both occur (be true).
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Natural philosophy
Natural philosophy or philosophy of nature (from Latin philosophia naturalis) was the philosophical study of nature and the physical universe that was dominant before the development of modern science.
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Neoclassical economics
Neoclassical economics is an approach to economics focusing on the determination of goods, outputs, and income distributions in markets through supply and demand.
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New institutional economics
New institutional economics (NIE) is an economic perspective that attempts to extend economics by focusing on the social and legal norms and rules (which are institutions) that underlie economic activity and with analysis beyond earlier institutional economics and neoclassical economics.
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New York University
New York University (NYU) is a private nonprofit research university based in New York City.
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Nobel Memorial Prize in Economic Sciences
The Nobel Memorial Prize in Economic Sciences (officially Sveriges riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne, or the Swedish National Bank's Prize in Economic Sciences in Memory of Alfred Nobel), commonly referred to as the Nobel Prize in Economics, is an award for outstanding contributions to the field of economics, and generally regarded as the most prestigious award for that field.
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Opportunity cost
In microeconomic theory, the opportunity cost, also known as alternative cost, is the value (not a benefit) of the choice in terms of the best alternative while making a decision.
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Paul Krugman
Paul Robin Krugman (born February 28, 1953) is an American economist who is currently Distinguished Professor of Economics at the Graduate Center of the City University of New York, and a columnist for The New York Times.
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Paul Samuelson
Paul Anthony Samuelson (15 May 1915 – 13 December 2009) was an American economist and the first American to win the Nobel Memorial Prize in Economic Sciences.
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Perspectives on capitalism by school of thought
Throughout modern history, a variety of perspectives on capitalism have evolved based on different schools of thought.
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Peter Boettke
Peter Joseph Boettke (born January 3, 1960) is an American economist of the Austrian School.
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Peter G. Klein
Peter G. Klein is an American Austrian School economist who studies managerial and organizational issues.
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Peter Leeson
Peter T. Leeson (born July 29, 1979) is the Duncan Black Professor of Economics and Law at George Mason University.
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Praxeology
Praxeology or praxiology is the study of human action, based on the notion that humans engage in purposeful behavior, as opposed to reflexive behavior like sneezing and unintentional behavior.
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Price discovery
The price discovery process (also called price discovery mechanism) is the process of determining the price of an asset in the marketplace through the interactions of buyers and sellers.
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Principles of Economics (Menger)
Principles of Economics (Grundsätze der Volkswirtschaftslehre; 1871) is a book by economist Carl Menger which is credited with the founding of the Austrian School of economics.
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Quarterly Journal of Austrian Economics
The Quarterly Journal of Austrian Economics is a quarterly peer-reviewed academic journal covering heterodox economics published by the Ludwig von Mises Institute.
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Robert P. Murphy
Robert Patrick Murphy (born 23 May 1976) is an American economist, consultant and author.
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Roger Garrison
Roger Wayne Garrison (born 1944) is an American professor of economics at Auburn University, and an adjunct scholar of the Ludwig von Mises Institute.
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Roundaboutness
Roundaboutness, or roundabout methods of production, is the process whereby capital goods are produced first and then, with the help of the capital goods, the desired consumer goods are produced.
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Routledge
Routledge is a British multinational publisher.
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Scarcity
Scarcity refers to the limited availability of a commodity, which may be in demand in the market.
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School of Salamanca
The School of Salamanca (Escuela de Salamanca) is the Renaissance of thought in diverse intellectual areas by Spanish and Portuguese theologians, rooted in the intellectual and pedagogical work of Francisco de Vitoria.
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Schools of economic thought
In the history of economic thought, a school of economic thought is a group of economic thinkers who share or shared a common perspective on the way economies work.
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Scientific method
Scientific method is an empirical method of knowledge acquisition, which has characterized the development of natural science since at least the 17th century, involving careful observation, which includes rigorous skepticism about what one observes, given that cognitive assumptions about how the world works influence how one interprets a percept; formulating hypotheses, via induction, based on such observations; experimental testing and measurement of deductions drawn from the hypotheses; and refinement (or elimination) of the hypotheses based on the experimental findings.
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Socialist economics
Socialist economics refers to the economic theories, practices, and norms of hypothetical and existing socialist economic systems.
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Spontaneous order
Spontaneous order, also named self-organization in the hard sciences, is the spontaneous emergence of order out of seeming chaos.
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Steven Horwitz
Steven "Steve" Horwitz (born 7 February 1964) is an American economist of the Austrian School.
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Subjective theory of value
The subjective theory of value is a theory of value which advances the idea that the value of a good is not determined by any inherent property of the good, nor by the amount of labor necessary to produce the good, but instead value is determined by the importance an acting individual places on a good for the achievement of his desired ends.
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Supply and demand
In microeconomics, supply and demand is an economic model of price determination in a market.
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The American Economic Review
The American Economic Review is a peer-reviewed academic journal of economics.
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The Failure of the New Economics
The Failure of the "New Economics" (1959) is a book by Henry Hazlitt offering a detailed critique of John Maynard Keynes' work The General Theory of Employment, Interest and Money (1936).
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The Freeman
The Freeman (formerly published as The Freeman: Ideas on Liberty or Ideas on Liberty) is a defunct American libertarian magazine, formerly published by the Foundation for Economic Education (FEE).
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The General Theory of Employment, Interest and Money
The General Theory of Employment, Interest and Money of 1936 is the last and most important book by the English economist John Maynard Keynes.
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The New Palgrave Dictionary of Economics
The New Palgrave Dictionary of Economics (2008), 2nd ed., is an eight-volume reference work on economics, edited by Steven N. Durlauf and Lawrence E. Blume and published by Palgrave Macmillan.
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The New York Times
The New York Times (sometimes abbreviated as The NYT or The Times) is an American newspaper based in New York City with worldwide influence and readership.
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The Road to Serfdom
The Road to Serfdom (German: Der Weg zur Knechtschaft) is a book written between 1940 and 1943 by Austrian British economist and philosopher Friedrich Hayek, in which the author " of the danger of tyranny that inevitably results from government control of economic decision-making through central planning." He further argues that the abandonment of individualism and classical liberalism inevitably leads to a loss of freedom, the creation of an oppressive society, the tyranny of a dictator, and the serfdom of the individual.
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Theory of Games and Economic Behavior
Theory of Games and Economic Behavior, published in 1944 by Princeton University Press, is a book by mathematician John von Neumann and economist Oskar Morgenstern which is considered the groundbreaking text that created the interdisciplinary research field of game theory.
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Thomas Mayer (American economist)
Thomas Mayer (January 18, 1927 – June 12, 2015) was an American economist who was professor of economics at the University of California, Davis.
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Thought experiment
A thought experiment (Gedankenexperiment, Gedanken-Experiment or Gedankenerfahrung) considers some hypothesis, theory, or principle for the purpose of thinking through its consequences.
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Universidad Francisco Marroquín
Francisco Marroquín University (Spanish: Universidad Francisco Marroquín), also known by the abbreviation UFM, is a private, secular university in Guatemala City, Guatemala.
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Utility
Within economics the concept of utility is used to model worth or value, but its usage has evolved significantly over time.
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Vienna
Vienna (Wien) is the federal capital and largest city of Austria and one of the nine states of Austria.
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Von Neumann–Morgenstern utility theorem
In decision theory, the von Neumann-Morgenstern utility theorem shows that, under certain axioms of rational behavior, a decision-maker faced with risky (probabilistic) outcomes of different choices will behave as if he or she is maximizing the expected value of some function defined over the potential outcomes at some specified point in the future.
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Walter Block
Walter Edward Block (born August 21, 1941) is an American Austrian School economist and anarcho-capitalist theorist.
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Warren Samuels
Warren Joseph Samuels (September 14, 1933 – August 17, 2011) was an American economist and historian of economic thought.
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Zhang Weiying
Zhang Weiying (born 1959) is a Chinese economist and was head of the Guanghua School of Management at Beijing University.
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References
[1] https://en.wikipedia.org/wiki/Austrian_School
