Austrian School of economics/Definition: Difference between revisions

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A school of economists who reject the tenets of [[macroeconomics]] and oppose the practice of collective economic management; and whose methodology concentrates upon the decisions of individuals and the operation of the [[market]] mechanism.
A school of economists who reject the tenets of [[macroeconomics]] and oppose the practice of collective economic management; and whose methodology concentrates upon the decisions of individuals and the operation of the [[market (economics)|market]] mechanism.

Latest revision as of 18:47, 7 March 2024

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Austrian School of economics [r]: A school of economists who reject the tenets of macroeconomics and oppose the practice of collective economic management; and whose methodology concentrates upon the decisions of individuals and the operation of the market mechanism.