Contemporary Work in Austrian Economics

Abstract

This article provides a brief survey of contemporary developments in the Austrian school of economics, signalling that: (i) the amount of Austrian research and the number of Austrian researchers is growing exponentially; (ii) good Austrian economists are not being marginalised by the economics profession; and (iii) there have been significant advances in our understanding of economics made recently. Scholars can embrace the second revival of Austrian economics and look confidently at the increasing academic credibility of the school.

Keywords: Austrian economics, entrepreneurship, capital theory, monetary theory, anarchy

JEL Classification: B53