Chicago and austrian economic school

Abstract

This article highlights the importance of studies on economic theories, gathered in the respective lines of thought, is linked to the understanding of the science of economics itself and to the complementary understanding of applied social sciences. We have the evolution of these theories, which provides a knowledge base that allows the analysis of market characteristics and behaviors, linked to human needs and the systemic sets of microeconomics and macroeconomics. Especially, with an emphasis on the Chicago and Austrian Economic Schools.