Austrian economics

Professor Baxter said:
That is what some in the Austrian camp claim. The discussion includes Bryan Caplan who you previously seemed to think was a useful source. It's not glowing praise of Austrians but seems fair. The link is for those who like to consider things intelligently, a group that obviously does not include you.
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CATO is Austrian propaganda and its trash
 
evince said:
PROVE they are admired and respected by the other schools of thought if that is what you are claiming
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How about YOU prove YOUR claim that they are laughed at by other experts Desh?

The very link you posted from the economist showed where Krugman and others were AGREEING with them on the point of loose credit.
 
evince said:
http://econfaculty.gmu.edu/bcaplan/whyaust.htm


this guy can point out that there is REAL differences and what they are







Why I Am Not an Austrian Economist
by

Bryan Caplan



Assistant Professor
Department of Economics
George Mason University



I do not deny that Austrian economists have made valuable contributions to economics. Rather, as the sequel will argue, I maintain that:

(a) The effort to rebuild economics along foundations substantially different from those of modern neoclassical economics fails.

(b) Austrian economists have often misunderstood modern neoclassical economics, causing them to overstate their differences with it.

(c) Several of the most important Austrian claims are false, or at least overstated.

(d) Modern neoclassical economics has made a number of important discoveries which Austrian economists for the most part have not appreciated.
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You claim CATO is a piece of crap yet you use an article written by someone at CATO to argue your point for you.


http://www.cato.org/people/bryan-caplan
 
Yes Cato is propaganda.

yes I posted an article that I assumed by its title was a critic of the Austrian school.


how does that now make the Austrian school viable when it has never been so?
 
http://en.wikipedia.org/wiki/Cato_Institute


The Cato Institute is an American libertarian think tank headquartered in Washington, D.C. It was founded as the Charles Koch Foundation in 1974 by Murray Rothbard, Ed Crane and Charles Koch,[6] chairman of the board and chief executive officer of the conglomerate Koch Industries.[nb 1] In July 1976, the name was changed to the Cato Institute.[6][7] According to the 2011 Global Go To Think Tank Index, Cato is the 6th most influential US based think tank, ranking 3rd in Economic Policy and 2nd in Social Policy.[8]
 
evince said:
http://en.wikipedia.org/wiki/Cato_Institute


The Cato Institute is an American libertarian think tank headquartered in Washington, D.C. It was founded as the Charles Koch Foundation in 1974 by Murray Rothbard, Ed Crane and Charles Koch,[6] chairman of the board and chief executive officer of the conglomerate Koch Industries.[nb 1] In July 1976, the name was changed to the Cato Institute.[6][7] According to the 2011 Global Go To Think Tank Index, Cato is the 6th most influential US based think tank, ranking 3rd in Economic Policy and 2nd in Social Policy.[8]
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Their mission is not to advance Austrian economics.
 
evince said:
and tell us all what they received it for?
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Received what for? The Milton Friedman award? Why would it matter? If their purpose were to advance Austrian economics then they would not make a hero of its critics or associate with them. You won't hear about the Mises Instistute giving out any Milton Friedman awards.
 
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