Austrian vs Keynesian
Posted on March 21st, 2008 by bile Categories and Tags: Uncategorized, Austrian economics, capitalism, CNBC, currency, debate, economics, Federal Reserve, inflation, Keynesian economics, politics, Ron PaulI wish they would have had an hour or 24. Paul would have ripped him apart.
3 Responses to “Austrian vs Keynesian”
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March 21st, 2008 at 12:06 pm
Why not? My neighbors and I will continue to exist without a president. I’ll continue to teach. I’m 99% sure the world will continue rotating.
Oh and for some good criticism (and praise) of Australian Kangaroo economics, there is this.
March 21st, 2008 at 6:26 pm
I’ve not gone through the whole thing yet but it seems to be more a criticism of Mises and Rothbard than Austrian economics… except that he’s kindof combining the individuals and the general idea. A large portion of it so far is him bitching that they didn’t understand something. I’m not really understanding his points in some of it… like having preference without acting on it. He’s more read than I I’m sure but I’ve never heard of anyone claiming it wasn’t that individuals couldn’t have preferences outside of how they acted but that it didn’t matter at that point in time. Also sometimes it is misunderstood that nonaction can be considered action with regard to affecting things.
March 28th, 2008 at 7:45 am
Caplan is an interesting neo-classical economist. He’s a very intelligent man and I like the fact that he engages in debates and has friends on all sides. I’d agree with you that a lot of what he says is way over my head. I’ve never read any of his longer works so I can’t really comment too much on his writing style.