3 ms·
Doesn't Austrian economics also disregard reality? http://econfaculty.gmu.edu/bcaplan/whyaust.htm http://econfaculty.gmu.edu/bcaplan/whyaust.htm
by yen223 13y ago
Doesn't Austrian economics also disregard reality?
http://econfaculty.gmu.edu/bcaplan/whyaust.htm http://econfaculty.gmu.edu/bcaplan/whyaust.htm
- snitko 13y agoI've read this article sometime ago and what struck me while I was reading it, is that the author actually describes WHY Austrian economics is superior and explains it quite good. I couldn't find an actual reason why he decided to not be an Austrian anymore. tl;dr: of that article is like "So this is what Austrian economics is all about, but I don't subscribe to that point of view anymore".
- yen223 13y agoI definitely read it differently. The author cited too many examples of how Austrian economic theory doesn't actually jive with empirical evidence.