The Law & Economics Center at George Mason University Antonin Scalia Law School held a LEC Workshop for Law Professors on Austrian Law & Economics, at the beginning of October 2019. The goal of the Workshop was to provide law professors basic tools for understanding the Austrian school and a sense of how they might look at their research and teaching differently if they put on their “Austrian glasses.”

The Workshop presented the basic and distinctive ideas of Austrian economics, including market process v. equilibrium, spontaneous order, division of knowledge, entrepreneurship, and subjectivism, using historical issues as case studies to apply these ideas to particular concepts.