the classical tradition of economics, which is the culmination of hundreds of years of scholarship from around the world. Commonly referred to today as the Austrian school, in honor of the last great generation of economists from Austria in its golden age pre–World War I, this school draws on the work of Classical Scottish, French, Spanish, Arab, and Ancient Greek economists in explicating its understanding of economics. Unlike Keynesian and Monetarist fixation on rigorous numerical analysis and mathematical sophistry, the Austrian school is focused on establishing an understanding of
...more
