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Carl Menger published his classic work Principles of Economics in 1871, that work is the founding text of what came … known as the “Austrian School of Economics”. That label has now been used to describe a historical school of thought, as …
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Before economists and sociologists came up with their own definitions of the term "capital", it was commonly understood as money invested in businesses by their owners or shareholders, and it continues to be understood this way in everyday business practice. In a recent article, Geoffrey Hodgson...
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and suggest that it constitutes a bridge between Austrian and institutional economics. As an outflow of Mises's approach …
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