ECON 309 Free Market Economics: The Austrian Perspective

Comparative Economic Systems: The Austrian Perspective. 

The Austrian School of Economics so-named because of the national origin of its founders is an alternative approach to economics that emphasizes methodological individualism and subjectivism. The Austrian School of Economics traces its roots back to the works of the Spanish Scholastics of the sixteenth century and stresses the importance of the individual private property limited government and the organizing power of the free-market. Students will read from authors such as Menger Mises Hayek Kirzner Rothbard and Hoppe and evaluate various properties of a state-planned economy versus a decentralized free market economy.