Austrian Economics Analysis for Failures and Paradoxes in the Digitalization of the Spanish Tourism Industry

ABSTRACT: This is a study of Political Economy, which offers a critical-hermeneutic and genetic-causal analysis according to the Austrian School of Economics, linked to the New-Institutional Approaches. It is paid attention to the management failures and paradoxes in tourism by the European Union, focusing on the Spanish case, where tourism is the main industry of this country. An alternative solution is offered, which requests the readjustment effect and the intensification of geek and talent factors.