The Austrian Army

Army Medical Service and the Army Estimates

the new army

although the history of iran is rife with conquerors and military campaign, but there were not any national and real army at all. in fact, the idea of a single unified army has no precedent in iranian history. ever in the timesthe achaemenid empire, the rulers had felt safer with separate units of armed forces. this mechanism allowed them to play on one group against another so  prevented any c...

The Rebirth of Austrian Economics— in Light of Austrian Economics

Since human beings are not disembodied minds who instantly and costlessly absorb new knowledge, every scientific movement, if it is to flourish and advance, requires an institutional framework. By the institutional framework of a science, I mean a complementary set of means aimed at developing its ideas and theories, disseminating them among its active researchers and teachers, and inculcating ...

9 . The Austrian School

The Austrian school is best known for its microeconomics and, in particular, for its role in the marginalist revolution. In the early 1870s, Carl Menger, along with French economist Léon Walras and English economist William Stanley Jevons, reoriented value theory by calling attention to the marginal unit of a good as key to our understanding the determination of the good’s market price. With ma...

The Austrian Market Share

Over the generations, the popularity of the Austrian School’s approach to economics has risen, fallen, and risen again. Figure 1 represents a speculative guess at the “market share” of Austrian ideas among academic economists, where “Austrian” is broadly defined as individuals who believe in, or are at least highly sympathetic to, most of the core doctrine emanating from the Austrian School fou...