The fundamental principles of economics are based on human nature and do not change regardless of how they are interpreted. People behave certain ways on an individual and societal level based on the ...

Explore Murray N. Rothbard's influence as a libertarian economist, father of anarcho-capitalism, and advocate for Austrian economics. Learn about his impactful works.

Opinions expressed by Entrepreneur contributors are their own. Over 50 years ago, economist William Baumol noted that economics was a theory of the economy that left no place for entrepreneurship.

The Austrian school of economics is a school of economic thought that emphasizes the importance of individual human action and free markets in economic decision-making. It has its origins in late 19th ...