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> The two big, long-lived families of macroeconomic explanation are from the Keynsian and Austrian/liberal "schools." That's like saying there's two families o
by gnaritas 9y ago
> The two big, long-lived families of macroeconomic explanation are from the Keynsian and Austrian/liberal "schools."
That's like saying there's two families of space research, Astronomy and Astrology. One of these things is mainstream and taken seriously, one is not. As the other guy said, it's Keynsian vs Chicago, Austrian isn't in the game, it's fringe stuff.
- dalbasal 9y agoSheesh! Taxonomy is dangerous on HN. Call it Chicago, if you like. I consider them part of the same family, chronospecies or something like that. ..at least relative to this topic, busines cycles.