Money and the Individual
The Austrian School came as a burst of light in the world of economics in the 1870s and 1880s, serving to overthrow the classical, or Ricardian, system which had arrived at a dead end. This overthrow has often been termed the "marginal revolution," but this is a highly inadequate label for the new mode of economic thinking. The essence of the new Austrian paradigm was analyzing the individual and his actions and choices as the fundamental building block of the economy. FULL ARTICLE
