Austrian School

The Austrian School of Economics is an economics school of thought that places a heavy emphasis on individual preferences and freedom of choice. It also advocates for a market-based approach to economic policy-making, which emphasizes limited government intervention in the economy. This means that instead of the government setting prices or making decisions about what to produce, it should allow the market to decide. It is believed that this approach leads to better economic outcomes for everyone. The Austrian School uses things such as mathematical models and theory to support its approach.