The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Austrian Economics: Recent Work

  • Mario J. Rizzo
Reference work entry


This article reviews research in Austrian economics over the last 25 years, relating it to (but not discussing in detail) earlier classic work in the Austrian tradition. Core issues are business cycle theory, entrepreneurship, market processes and economic institutions, the communication of knowledge in markets, spontaneous order, and issues related to law and economics.


Austrian business cycle theory Austrian economics Entrepreneurship Hayek, F.A Law and economics Market processes Monetary theory Spontaneous order Time 

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Mario J. Rizzo
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