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 ...

Discover Friedrich Hayek's impact on economics and political philosophy, his Austrian school roots, and his influential free-market theories.

Greg “PrestoPundit” Ransom e-mails, with regard to my parsing of the views on recessions of Paul Krugman and Tyler Cowen, which contained a very brief discussion of Austrian business cycle theory: ...

Moreover, Bitcoin has become a store of value for many individuals who see it as a hedge against fiat currency devaluation. Its decentralized nature and limited supply have led some to view it as ...