Dynamic Balance Sheet Theory Based On The Austria School of Economics and The Views of Eugen Schmalenbach

The Austrian School of Economics, with its theories on the market and entrepreneurship, gave birth to Business Economics as a science. Undisputedly, Eugen Schmalenbach is the most important contributor to the establishment and development of the business economy. The concept of the dynamic balance sheet is one of the most important concepts that Schmalenbach brought to the field of business economics. In this study, Schmalenbach's contributions to business economics and his dynamic balance sheet theory will be discussed within the framework of the principles of the Austrian School of Economics.