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My sampling of my interactions with young PhD economists is that they were all Neo-Keynesian, the only people I’ve met who are of the Austrian school were Engin
by cjbgkagh 1y ago
My sampling of my interactions with young PhD economists is that they were all Neo-Keynesian, the only people I’ve met who are of the Austrian school were Engineers.
I don’t doubt that the economics profession has been shaped by politics but it appears they are and have been rather willing participants.
- bee_rider 1y agoEconomics involves studying how the economy should be managed, it is an inherently political field. Declaring one school political and another non-political is itself a political sleight of hand.
- cjbgkagh 1y ago> Declaring one school political and another non-political If I were to make a distinction it would be that Austrian is a Positive Theory and Neo-Keynesian is a Normative theory, and I think it’s fair to say that normative theories are more open to political influence than positive ones.
- hapless 1y agoOne school consists of every university in the world. The other school is George Mason University, and, uh, the John Birch Society.
- mothballed 1y agoI'm pretty sure UNLV still has Hoppe and they only let go of Rothbard because he died. Which pairs pretty well with the pretty laissez-faire roots of Nevada.
- luther07 1y agoAlso Grove City College has been dedicated to the Austrian School since 1956 apparently, when they hired Hans Sennholz: https://en.wikipedia.org/wiki/Hans_Sennholz https://en.wikipedia.org/wiki/Hans_Sennholz
- nemo44x 1y agoIt’s not surprising that aspiring economists prefer the theory which loads them with power.
- deleted 1y ago[deleted]
- jjk166 1y agoThat's like finding that very few PhD evolutionary biologists are young earth creationists. People who study economics wind up being neo-keynesians because that's what the data supports.