Home Forums Principles of Economics Is Austrian economics Classical economics?

  • Is Austrian economics Classical economics?

    Posted by Viljam on June 11, 2023 at 16:03

    Is Austrian economics considered as a branch of classical economics? As far as I know, there are 3 primary economic schools: Classical, Keynesian, and Marxist. Some people say that it should be 4th separate school. Why is that?

    Viljam replied 1 year ago 1 Member · 1 Reply
  • 1 Reply
  • Viljam

    Member
    June 12, 2023 at 06:56

    Sorry, there is also a Monetarist or Chicago school, but the question remains. Should the Austrian school be considered as a part of the Classical school of economics? And also what is the difference between the Austrians and the neoclassical school?

Log in to reply.