In this task, we ask you to rewrite a sentence in simple English without changing its general meaning. Essentially, you want to make the sentence easier to read by using simpler words, utilizing more straightforward sentence structures, and omitting non-essential information etc.

The Austrian School is a heterodox school of economic thought that is based on methodological individualism — the concept that social phenomena result exclusively from the motivations and actions of individuals .
The Austrian School is a school of economic thought based on the actions of the individual person .