Oil Price Development From The Perspective Of The Austrian School Of Economics

The Austrian School provides a new angle on the development of the oil price. We already discussed the oil price development from the perspective of the Austrian School of Economics in our Oil Reports 2010 and 2011. The recent economic events have caused a renewed interest in the ideas of the Austrian School. The purpose of our Oil Report is to provide the reader with a better basis for decision-making on the back of the facts and analyses presented in this write-up. Focus on price and market If we had the chance to meet Ludwig von Mises in a Vienna…

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