The Economic School You’ve Never Heard Of

The University of Vienna in the early 1900s. Founded in the late 19th century, the Austrian school of economics developed the ideas of classic liberalism into a coherent economic philosophy. Many of its scholars started out at the University of Vienna.
The University of Vienna in the early 1900s. Founded in the late 19th century, the Austrian school of economics developed the ideas of classic liberalism into a coherent economic philosophy. Many of its scholars started out at the University of Vienna.

Mainstream economics is under heavy pressure. Consistently wrong policies and forecasts have damaged the field dubbed “the dismal science.” But what do critics propose should supersede...

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