 |
Definition of 'Austrian School'
An economic school of thought that originated in Vienna during the late 19th century with the works of Carl Menger. The Austrian school is set apart by its belief that the workings of the broad economy are the sum of smaller individual decisions and actions, unlike the Chicago school and other theories that look to surmise the future from historical abstracts, often using broad statistical aggregates.
Also known as the "Vienna school" and the "psychological school".
|
 |
Investopedia explains 'Austrian School'
The Austrian school holds a special view of the modern business cycle; it contends that boom cycles are actually a misallocation of capital resources caused by interfering monetary policy. When central banks effectively expand the money supply by lowering interest rates, it creates an multiplying effect in the economy. This leads business owners to incorrectly assess the amount of available capital and the level of demand by consumers. Eventually, overinvestment by corporations leads to a "bust" cycle in which prior misallocations must be worked out.
|
Search results for 'Austrian School'
-
http://www.investopedia.com/articles/economics/09/austrian-school-of-economics.asp
The Austrian School Of Economics. ... Today's Austrian school is not merely confined
to Vienna but its influence spreads across the world. ...
-
http://www.investopedia.com/university/macroeconomics/macroeconomics1.asp
... Austrian The Austrian school is an older school of economics that is seeing
some resurgence in popularity. Austrian school economists ...
-
http://financialedge.investopedia.com/financial-edge/0911/What-Causes-Bubbles.aspx
... TUTORIAL: The Austrian School Of Economics The Classical-Liberal Perspective The
accepted mainstream view about central banks, such as the Federal Reserve, is ...
-
http://financialedge.investopedia.com/financial-edge/0211/The-First-Trillionaire.aspx
... Learn more in The Austrian School Of Economics.). The Will and Appetite for Risk
Less quantitative, but certainly important, is the role of psychology. ...
-
http://www.investopedia.com/articles/retirement/11/impermissable-retirement-investments.asp
... American Silver Eagle (proof and non-proof); Austrian Gold Philharmonics coins;
Canadian ... Kansas and completed his CFP coursework at the Bloch School of Business ...
-
http://www.investopedia.com/university/microeconomics/microeconomics1.asp
... by Hungarian John von Neumann (1903-1957), and Austrian Oskar Morgenstern ... Encyclopedia
Britannica, Insight Magazine, The John Marshall Law School Magazine, The ...
|
|
