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Nine Schools of Economic Thought

  • Nine Schools of Economics

Tags Austrian Economics OverviewOther Schools of Thought


Here is an interesting table comparing 9 schools of economic thought. You can certainly quibble with some of the content, but it makes for a good "cheat sheet" for a history of economic thought class or a lecture on schools of economics. Interestingly, the Austrian school is the "middle of the road" of the table. The "Developmentalist" school appears to be the post-WWII name for Mercantilism. This would also justify its placement before the Austrian school if the table is supposed to be read in historical time from left to right.

The full-size image is here

Nine Schools of Economics

Contact Mark Thornton

Mark Thornton is a Senior Fellow at the Mises Institute and the book review editor of the Quarterly Journal of Austrian Economics. He has authored seven books and is a frequent guest on national radio shows.

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