Forty years ago, during the week of June 15-22, 1974, the Austrian School of Economics was reborn during a conference in the small New England town of South Royalton, Vermont. Why was this important?

Opinions expressed by Entrepreneur contributors are their own. Over 50 years ago, economist William Baumol noted that economics was a theory of the economy that left no place for entrepreneurship.

The Austrian school of economics is a school of economic thought that emphasizes the importance of individual human action and free markets in economic decision-making. It has its origins in late 19th ...

Austrian School economists distrust empirical economics, a skepticism that is partially warranted, partially unwarranted. The Austrian insights are helpful for business planning, even though I don’t ...

Professor Josef Schumpeter, an Austrian, who has been lecturing for some time at the University of Vienna, will lecture at the University towards the middle of March on topics in Economic Theory, ...

The “Austrian” Theory of Money and the Business Cycle In my new book, Monetary Central Planning and the State, which will be published in October 2015 by the Future of Freedom Foundation in a eBook ...

Moreover, Bitcoin has become a store of value for many individuals who see it as a hedge against fiat currency devaluation. Its decentralized nature and limited supply have led some to view it as ...