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Region: Anarchy
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