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by freedomben 1142 days ago
Point taken, although it's an extremely common/well known term here because it was Austrian economics (such as Mises) that formed the basis of it.

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.

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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?

[0] https://en.wikipedia.org/wiki/Austromarxism [1] https://en.wikipedia.org/wiki/Bruno_Kreisky