La teoría económica neoclásica considera el equilibrio, ya sea en forma general o parcial, como un importante fundamento de la ciencia lúgubre. En opinión de los economistas de la corriente principal, el marco de equilibrio general ofrece no solo una investigación de la economía en términos de sus cualidades perfectas, sino también es adecuado como fin o meta de acción. La escuela austríaca, por el contrario, ve el equilibrio (o la economía de rotación uniforme - ERE) simplemente como un tendencia de las actividades económicas para movernos en esa dirección, pero nunca se alcanza. La economía praxeológica se ha concentrado, por lo tanto, no en el equilibrio, sino en el proceso por el que el mercado se mueve hacia ella. Debido a que el proceso de transferencia de recursos para satisfacer estos fines no se pueden alcanzar de forma espontánea, el emprendimiento juega un papel clave. En opinión de Mises y Rothbard, el emprendimiento implica una carga de incertidumbre que va más allá del estado de alerta enfatizado por Hayek y Kirzner. Por otro lado, a diferencia de Lachmann, quien ve la economía como un caleidoscopio y rechaza la ERE, Mises y Rothbard consideran la ERE como una herramienta indispensable para entender la economía.
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