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The New Palgrave Dictionary of Economics pp 592–604Cite as

Palgrave Macmillan

Austrian Economics: Recent Work

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Abstract

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.

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    Mario J. Rizzo

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Rizzo, M.J. (2018). Austrian Economics: Recent Work. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_2966

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