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The Core of Austrian Theory

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Tags Austrian Economics OverviewPrices

10/05/2020Llewellyn H. Rockwell Jr.

If the hallmark of conventional economics is unrealistic models, the hallmark of Austrian economics is a profound appreciation of the price system. Prices provide us with critical information about the relative scarcity of goods and services.

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Original Article: "The Core of Austrian Theory".

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Contact Llewellyn H. Rockwell Jr.

Llewellyn H. Rockwell, Jr., is founder and chairman of the Mises Institute in Auburn, Alabama, and editor of LewRockwell.com.

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