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Economic think-tank Wifo and the Austrian National Bank predict the budget deficit will swell to 3.7% of gross domestic product this year, breaching the European Union's 3% limit, and grow to 4% ...
The Austrian business cycle theory (ABCT) is an economic theory developed by the Austrian School of economics seeking to explain how business cycles occur. The theory views business cycles as the consequence of excessive growth in bank credit due to artificially low interest rates set by a central bank or fractional reserve banks. [1]
After the 1940s, Austrian economics can be divided into two schools of economic thought and the school split to some degree in the late 20th century. One camp of Austrians, exemplified by Mises, regards neoclassical methodology to be irredeemably flawed; the other camp, exemplified by Friedrich Hayek , accepts a large part of neoclassical ...
The Ludwig von Mises Institute for Austrian Economics, or Mises Institute, is a nonprofit think tank headquartered in Auburn, Alabama, that is a center for Austrian economics, right-wing libertarian thought and the paleolibertarian and anarcho-capitalist movements in the United States.
In the run-up to the 2024 Austrian legislative election, various organisations carry out opinion polling to gauge voting intentions in Austria. Results of such polls are displayed in this list; the date range for these opinion polls are from the 2019 Austrian legislative election, held on 29 September, to the present day. The next election will ...
The Quarterly Journal of Austrian Economics is a quarterly peer-reviewed academic journal covering heterodox economics published by the Ludwig von Mises Institute. [1] It was established in 1998 after the Murray Rothbard-created publication, The Review of Austrian Economics, was transferred to other editors [2] and then to George Mason University. [3]
Germany has historically been the main trading partner of Austria, making the Austrian economy vulnerable to rapid changes in the German economy. [23] However, since Austria became a member state of the European Union, it has gained closer ties to other European Union economies. This development reduced its economic dependence on Germany.
Image Name Year of birth Year of death Nationality Alma mater (postgraduate) Notes Carl Menger: 1840: 1921: Austrian: Jagiellonian University: Founder of the Austrian School of economics, famous for contributing to the development of the theory of marginal utility, which contested the cost-of-production theories of value, developed by the classical economists such as Adam Smith and David Ricardo.