Austrian economics focuses on the economic coordination of individuals in a market economy. Austrian economics emphasises individualism, subjectivism, laissez-faire politics, uncertainty and the role of the entrepreneur, amongst others.

Austrian Economics

 

 

Neoclassical economics focuses on the allocation of scarce resources. Economic analysis is mainly concerned with determining the efficient allocation of resources in order to increase welfare.

Neoclassical Economics

 

 

Institutional economics focuses on the role of social institutions in terms of laws or contracts, but also those of social norms and patterns of human behaviour that are connected to the social organisation of production, distribution and consumption in the economy.

Institutionalist Economics

 

 

Complexity economics focuses on interactions and interdependencies between individuals and structures in economic systems. Those are systems of organised complexity. High importance is given to the analysis of networks.

Complexity Economics

 

 

Evolutionary economics focuses on economic change. Hence processes of change such as growth, innovation, structural and technological change, as well as economic development in general are analysed. Evolutionary economics often gives emphasis to populations and (sub-)systems.

Evolutionary Economics

 

 

Der Fokus der Komplexitätsökonomik liegt auf den Interaktionen und Wechselwirkungen zwischen Individuen und Strukturen wirtschaftlicher Systeme. Diese werden als Systeme organisierter Komplexität aufgefasst. Ein besonderes Augenmerk liegt auf der Analyse von Netzwerken.

Komplexitätsökonomik