I look introduce these two schools of economic thought and analyse their similarities and differences.

Recommended further reading:

On differences between the schools: Mark Skousen, Vienna & Chicago, Friends or Foes?: A Tale of Two Schools of Free-Market Economics (Regnery, 2005).

Best introduction to Austrian School: Murray Rothbard, Man Economy and State with Power and Market (1962; Ludwig von Mises Institute, 2008).

Best introduction to Chicago School: Ross B. Emmett, The Elgar Companion to the Chicago School of Economics (Edward Elgar, 2012).

Thomas Sowell, Knowledge and Decisions (1980; Basic Books, 1996).

NB. Note to long-time viewers, this has replaced my earlier video from June 2017 (over 20k views), which has now been unlisted.

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