Hayekian or Keyesian?

Discussion in 'Economy' started by Kevin_Kennedy, May 28, 2009.

  1. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    Secretary Geithner: Hayekian or Keynesian? - D.W. MacKenzie - Mises Institute
     
  2. Agnapostate
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    Agnapostate BANNED

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    I've long been hoping for an improvement from Cwik's observation that "[t]he Austrian business cycle theory (ABCT) has been criticized for not being a true theory of the business cycle. The main emphasis of the ABCT has been on the theory of the upper-turning point—the artificial expansion of credit, the manipulation of interest rates, the malinvestments committed by entrepreneurs and then the credit crunch and/or real resource crunch."

    However, socialist economics has enjoyed more recent benefit from a Hayekian perspective than the Austrian school has, given the development of post-Hayekian market socialism. :lol:
     
  3. Kalam
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    Kalam Senior Member

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    Marxian.
     

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