Vienna School

The Vienna School refers to a group of thinkers and scholars in the early 20th century, primarily based in Vienna, who contributed to philosophy, economics, and social science. Prominent figures included Ludwig von Mises and Friedrich Hayek, who emphasized individualism, free markets, and critical rationalism. They challenged established ideas about state intervention in the economy and believed in the importance of spontaneous order in society. The Vienna School significantly influenced modern economics and political theory, advocating for a limited role of government and the power of personal choice in driving economic and social progress.