Abstract
Since its founding father Carl Menger published Principle of Economics in 1871, the Austrian school of economics focuses their analysis on areas such as exchange and market process, the structure of production, entrepreneurship, business cycle, monetary theories, economic calculation and central planning 1 The Austrian school of economics does not discuss economics of innovation, though there is a theory of entrepreneurial discovery.KeywordsEconomic FreedomAustrian EconomicConsumption GoodEconomic ProgressAustrian SchoolThese keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
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