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Right, so it's not a surprise that you have no idea how any other economic schools work.
What university did you attend?
Nine times out of ten it's George Mason University.
If not it's the University of Chicago.
Whichever school it was, he should ask for a refund. Economists generally believe "Austrian" economics to be little more than theology.
Modern economists, by which, I mean anyone who has made any significant contributions in the last 50 years or so... Prefer to have at least some empirical evidence for their ideas lest they be subject to ridicule by their profession.
Sierra Lyricalia, Astrum Nigrum, and Pantuxia
Post self-deleted by Astrum Nigrum.
there is evidence of how good the chicago school of economics functions in the real world. pinochet forced their economics principles on the chilean populace. there was indeed an economic boom (coupled with exploding public debt and of course massive repression. after all you cannot stay in power without force when you take away a lot of the support for the poorer parts of the population). but this experiment failed spectacularly with the economic crisis just 9 years after the coup, that not only made it necessary to socialise the losses of banks and corporations but also to introduce price controls on food items.
Von Mises Institute is what i attended, ranked the best university in the world
Ahaha, I was only joking when I offered that comment. Clearly you are either a troll or a very pitiable person indeed.
Also, I can't resist asking, ranked 'best university' by whom?
me, and i am neither of the two i am just a strawman
I have been joking all this time
what in your opinion is the most right wing authoritarian ideology?
I still think you should try to get a refund from them. Even if you never attended. We all should ;)
Astrum Nigrum and Pantuxia
Fascism or Corporatism.
what about pinochetism
I forgot to tell you i am also nick martinez in disguise ;) also, i'm getting down to asking for that refund!
Apparently 38.5% of my citizens die in the wilderness...
How do apply empirical evidence to economics? Do you have a lab with people naturally acting as economic actors? Can these results be reproduced to the point?
I did not say they are particularly successful. This is by no means an endorsement of modern economists.
And yet - and yet modern economists fully support the very system anarchists critique. Certainly, if you would critique the unorthodox Austrian School of being unscientific, at least say that's true of Monetarism or Neo-Keynesianism as well, whom wish to use individual humans as lab rats for some grand social experiment on how they can enrich the corporations the best. And I thought Naziism was unscientific in it's quest to prove Aryan superiority. >>
That's fair enough retort anyway. But avoid getting into the business where the man in crutches is throwing rocks at the man in a wheelchair.
Again, I don't agree with any economist who supports any form of capitalism. It is just that the "Austrian economists" are a special breed who reject even the illusion of being reasonable.
☆ News Update from Illuminati ☆
Greetings Ally!
I wanted to share some news from our region to yours. It's been a tumultuous week for Illuminati.
1. The Democratic Revolution is a success, we are now a full-fledged Democracy after 11 years of Imperial rule. The first democratically elected Grand Chancellor with term times and limits will happen on July 1st.
2. The joint - regional military occupation of Christmas is over. Our troops are returning home as heroes!
3. A new Illuminati forum is open to the public. We would love to have your region represented there. Or just swing by for a visit. The link is in our WFB.
4. We want to strengthen our ties with you! We invite you to visit at any time.
Thanks for reading, and please keep us updated with your regional news as well.
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