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Austrian School of Economics

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"Value is not intrinsic, it is not in things. It is within us; it is the way in which man reacts to the conditions of his environment. Neither is value in words and doctrines. It is reflected in human conduct. It is not what a man or groups of men say about value that counts, but how they act."

von Mises, Ludwig event 1949

menu_book Human Action: A Treatise on Economics

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Hayek, Friedrich

Austrian-British economist and philosopher, Nobel laureate in Economics (1974), key figure in Austrian School of economics

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Menger, Carl

Austrian economist and founder of the Austrian School of Economics, pioneer of marginal utility theory and subjective value theory

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