Human: When did the Austrian School of Economics start? Assistant: 
The Austrian School of Economics was started by Carl Menger in 1871. It is named after the Austrian economist, Ludwig von Mises, who was born in 1884. The Austrian School of Economics is a school of thought that focuses on the study of the economic nature of human action. It is named after the Austrian economist, Ludwig von Mises, who was born in 1884.