web3/concepts/ideologies/austrian-economics.md

Austrian Economics

A heterodox school of economics that attempts to reason about human behaviour from first principles and deductive reasoning instead of quantitative analysis. Popular in the early 20th century but largely rejected by the modern academy.

This school of thought has seen a resurgence in relation to crypto assets.

Often resonates with advocacy for the gold standard and libertarianism.

Prominent Thinkers

• Murry Rothbards
• Ludwig von Mises
• Friedrich Hayek
• Saifedean Ammous

References

• Friedrich, Carl J. "The Road to Serfdom." (1945): 575-579.
• [@ammous_bitcoin_2018]