150 Years of the Austrian School of Economics

Birth of Austrian School started with Carl Menger’s Principles of Economics published in 1871

Nicolas Cachanosky of Metropolitan State University of Denver in this research paper celebrates 150 years of Austrian School:

The year 2021 marks the 150th anniversary of Carl Menger’s Principles of Economics, the Austrian School of Economics’ foundational work. This paper looks at the most relevant work this school of thought has produced during the last century and a half. The Austrian School has worked on pressing topics of their time and is well aligned with the work being developed in “mainstream” economics.

How did the word mainstream economics come about?

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