One of the distinguishing features of the Austrian school of - TopicsExpress

One of the distinguishing features of the Austrian school of economics is that it takes time seriously. Much mainstream economics could be described as taking place on an atemporal pin-tip. Because Austrian economists view the economy as an unfolding process, time is necessarily central to their theorizing. I would add to this that as the saying goes, Time is money and the Austrians because they understand time preference, understand money better than anyone else. -- CH

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