In Economics, Do You Subscribe to the Keynesian or Austrian School?

Discussion in 'Politics' started by FreedomAli, Mar 12, 2011.

  1. FreedomAli
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    FreedomAli Member

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    What is your position? Do you subscribe the the Austrian school of Ludwig Von Mises, Murray Rothbard and Hans Hermann Hoppe, or do you follow the Keynesian theory of Greenspan, Bernanke, Geithner and Paulson?

    If you don't know, then list yourself as undecided and allow proponents for the two schools to try to win you to their side by the strength of their arguments.
     
  2. 8537
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    8537 Senior Member

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    1. Greenspan is not a Keynesian.

    2. Paulson's not an economist, and if he had a school it would be Lucas / RBC.

    3. Geithner and Bernanke are NeoKeynesians, which are really just warmed over monetarists.

    4. There are far more than two schools.
     
  3. FreedomAli
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    FreedomAli Member

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    You should attribute your quote, ""These are the values inspiring those brave workers in Poland … They remind us that where free unions and collective bargaining are forbidden, freedom is lost.", to Reagan.

    I wonder what all the anti-union stooges who like to invoke his name would say, especially when you consider that he was a union president.
     
  4. FreedomAli
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    FreedomAli Member

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    Okay, so then what other schools offer themselves as substitutes to Keynesianism whose support exceeds that of the Austrian theorists in your estimation? And, don't bring up Marxism.
     
    Last edited: Mar 12, 2011
  5. Toro
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    Toro Diamond Member

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  6. xsited1
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    xsited1 Agent P

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    Just two choices? Well, considering that Keynesian economic theory has been debunked, I'll go with the latter.
     
  7. skeptic
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    skeptic BANNED

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    I had to applaud this post publicly. So many idiots, so little time, thanks for the brevity.
     
  8. Mini 14
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    Mini 14 Senior Member

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    Gotta agree....

    Keynes has been proven failure, and I wouldn't call myself an Austrian.
     
  9. dilloduck
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    dilloduck Diamond Member

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    What's an economycist ? :eusa_whistle:
     
  10. JBeukema
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    JBeukema BANNED

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    I am a self-describes Austro-Marxian (not to be confused with Austromarxist)

    My understanding of the market's daily affairs is drawn largely from the writings of Thomas E. Woods Jr and other modern Austrians, though I see the need for socialist reforms. Government stimulus is a treatment for underlying conditions- especially disproportionate wealth accumulation among the bourgeoisie- that need to be addressed long-term. History is best understood as the competition between classes and in-groups.
     

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