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Austrian Economics
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Austrian economics is a school of economic thought that emphasizes individual decision-making and the subjective nature of value, originating in the late 19th century with economists like Carl Menger and Ludwig von Mises. It focuses on concepts such as marginal utility, the importance of free markets, and the limitations of government intervention in the economy. Is is a branch of economics that has largely been left behind as it has been found to be incomplete as the field of economics has progressed.
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