The Austrian school overall disavows empiricism as the means by which to infer economic laws and instead views economics as a field closer to philosophy. For mo

The Austrian school overall disavows empiricism as the means by which to infer economic laws and instead views economics as a field closer to philosophy. For more information on the method I recommend the pamphlet Economic Science and the Austrian Method. [0] Re: my previous comment, that, in short, money and credit are like any other markets. If you're interested in a gentle introduction to the Austrian school of thought I recommend the book Man, Economy, and State. Skip the final section of the book entitled Power and Market. [1] [0] https://mises.org/library/economic-science-and-austrian-method https://mises.org/library/economic-science-and-austrian-meth... [1] https://mises.org/library/man-economy-and-state-power-and-market https://mises.org/library/man-economy-and-state-power-and-ma...