My understanding of Austrian Economics is that it's founded on Praxeology, which must be read very generously not to conflict with the findings of neuroeconomics, prospect theory, and heuristics and biases in general. Google "austrian economics," and one of the first results is a long, detailed critique by Robin Hanson's lunch buddy Bryan Caplan (quoted above).

Given that, I'm not sure it's unambiguous to use the term "normal workings" to describe Austrian Economic theory, except in a non-normal sense.