Introduction to A Modern Guide to Austrian Economics
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Over 150 years have passed since the publication of Carl Menger's groundbreaking Grundsätze der Volkswirtschaftslehre (1871) and, thereby, the founding of what is now referred to as the Austrian school of economics. The school has made many fundamentally important contributions to economic theory since then. Some of these have been adopted by other schools of thought and have been integrated into the corpus of mainstream economics, whereas many other concepts, arguments, explanations, and approaches have not.

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