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The Austrian school is tiny, obscure, and not taken seriously except on the internet. While we're at it, original Keynesian theory has been considered disprove
by nerfhammer 9y ago
The Austrian school is tiny, obscure, and not taken seriously except on the internet.
While we're at it, original Keynesian theory has been considered disproven by the existence of stagflation, which the theory would consider impossible.
See instead:
https://en.wikipedia.org/wiki/Saltwater_and_freshwater_economics https://en.wikipedia.org/wiki/Saltwater_and_freshwater_econo...
https://en.wikipedia.org/wiki/Mainstream_economics https://en.wikipedia.org/wiki/Mainstream_economics