Please don't call market extremists Austrian. We, the people of Austria, want nothing to do with them and their philosophy is seen as crazy fringe theories here.
Economics in Austria are still strongly influenced by the legacy of Austromarxism [0] (the city of Vienna is the largest landlord in Europe) and, more recently, the Socialists under Bruno Kreisky [1], who built the modern welfare state.
Given this reality of economics in Austria, the term "Austrian Economics" also seems like a misnomer.
Maybe something like "Austrian Marginalism" would be clearer?
Can you suggest a better term? How would you feel about "Austrian Economics"? I once tried "Mises economics" but that caused a lot of confusion.