Philosophical Influences on the Austrian School of Economics

The fundamental idea of the subjectivist Austrian school of economics can be understood by recognizing philosophical influences that have made a significant contribution to the development of leading ideas. Due to the limited literature in this area, the need for research includes both a general overview of philosophical influences and an analytical study of possible interactions. The results of this study have shown that the Austrian school was influenced by many philosophers, such as Aristotle, Brentano, and Weber, as well as its own critical orientation against logical positivists. The underlying fundamentals remain faithful to the basic principles of Menger. As such, it is interesting for further, more analytical study.