The chapter explores the historical clashes and evolution between the classical British school and the German historical school of economics, examining their differing perspectives on human behavior and methodology. It also delves into the origins and influences within the Austrian school of economics, particularly focusing on Menger's significant impact and the Marginals Revolution.
Pete Boettke, of George Mason University, talks with EconTalk host Russ Roberts about the origins and tenets of Austrian economics. This is a wonderful introduction to how the so-called Austrian economists look at the world and how they continue to influence economics today.