A Review of Austrian School for Investors

As interest in the Austrian School continues to expand in our day, people are going to increasingly consider the practical relevance of this highly philosophical school of economic thought. After all, for better or for worse, we live in the “practical age.” People are less interested in theory and more interested in “whether it works.” While this can have some destructive ramifications, especially in the world of economics (consider that today’s central bankers are flying by the seat of their pants, with no theory, just trying to repair the machine, so to speak), the question remains: do the tenants of the Austrian School of economics have anything to say about personal investments?Screen Shot 2015-12-10 at 8.18.53 PM

The four authors of this newly translated (from the German) book —Rahim Taghizadegan, Ronald Stoferle, Mark Valek, and Heinz Blasnik— answer in the affirmative.  In nine chapters plus an introduction and conclusion, they proceed to give a backdrop of the Austrian School, discuss the proper approach for thinking about the current economic paradigms, and offer their own interpretation of the various investment vehicles.

Continue reading here.