Comments on: Austrian vs Keynesian http://blogofbile.com/2008/03/21/austrian-vs-keynesian/ from the bowels of the mind Sat, 10 Jan 2009 03:56:30 +0000 http://wordpress.org/?v=2.7 hourly 1 By: bosco http://blogofbile.com/2008/03/21/austrian-vs-keynesian/comment-page-1/#comment-1573 bosco Fri, 28 Mar 2008 12:45:43 +0000 http://www.landofbile.com/blog/2008/03/21/austrian-vs-keynesian/#comment-1573 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. 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.

]]> By: bile http://blogofbile.com/2008/03/21/austrian-vs-keynesian/comment-page-1/#comment-1571 bile Fri, 21 Mar 2008 23:26:52 +0000 http://www.landofbile.com/blog/2008/03/21/austrian-vs-keynesian/#comment-1571 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. 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.

]]> By: bosco http://blogofbile.com/2008/03/21/austrian-vs-keynesian/comment-page-1/#comment-1572 bosco Fri, 21 Mar 2008 17:06:21 +0000 http://www.landofbile.com/blog/2008/03/21/austrian-vs-keynesian/#comment-1572 <blockquote>"The President has made many bad decisions, but you don't say ' Abolish the presidency'.</blockquote> 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 <a href="http://www.gmu.edu/departments/economics/bcaplan/whyaust.htm">this</a>.

"The President has made many bad decisions, but you don’t say ‘ Abolish the presidency’.

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.

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