Methodology is the one area where Austrian economists differ most significantly from other schools of economic thought.
Austrian economists argue that the conditions previous to the crisis of the late 2000s correspond to the scenario described above.
They, like all Austrian economists, believe that monopoly can only come about through government intervention.
Austrian economists hold this to be the most damaging effect of inflation.
Austrian economists worry about the inflationary impact of monetary policies on asset prices.
Throughout the first half of the 20th century, Austrian economists were marginalized and found it difficult to find meaningful work.
Mises was the first Austrian economist to present a statement of a praxeological method.
Austrian economists further contend that such a shift is unsustainable and must reverse itself in due course.
He was considered one of the most brilliant Austrian economists of the interwar period.
Austrian economists rather prefer to use as a model tool the Homo agens.