ABSTRACT

This chapter identifies relationships between the Freiburg school and the Austrian school, specifically in the fields of economic theory and economic policy. No attention will be paid to the similarities and differences in the field of social philosophy and methodology. For the Freiburg school the chapter concentrates on W. Eucken, F.A. Hayek and W. Röpke; for the Austrian school it concentrates on L. von Mises and F.A. Hayek. Schumpeter is also discussed. Contrast with Schumpeter illustrates what the fundamental interrelationships between the Freiburg school and the Austrian school actually are.