[ECON 336] Austrian School of Economics


This course surveys the major thinkers and debates in the Austrian School of economics. The two dominant schools of thought within the economics discipline in the 20th century have been mainstream neoclassical economics and Marxist economics. Austrian economics provides an alternative to both theoretical approaches. It seeks to understand the market as a dynamic, self-ordering, and evolutionary process. Topics covered include Austrian arguments on the evolution of money, capital formation and its structure, the use of knowledge in the market economy, entrepreneurship, and the philosophy of science.

Course Title

Austrian School of Economics

Course Code

ECON 336

Units

1

Prerequisites

Prerequisite: Economics 199 and 211.

Frequency

Offered every other spring.

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