Austrian School of Economics in India’s Economic Times

“Austrian School of economic thought gaining influence as nations tackle debt.” Mark Thornton, GP Manish, and Malavika Nair are quoted.


Who are these people? These men and women, separated by geographies, living disparate lives and practising different professions, have been sharing mails, exchanging notes, meeting whenever they can afford to and trying to put across their point to whoever cares to listen to them. Among other things, all of them are sold on the principles of small government, small taxes and free market. 2012 was a year when they made up jokes and sharpened jibes at bankrupt governments of rich countries as they tried to wriggle out of the mess by promising to print more and more money.

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