RE: Austrian Economics 101

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Austrian Economics 101

in economics •  7 years ago  (edited)

Austrian economics is hardly favorable towards crony capitalism. Perhaps I should work on a "part 2."

Communism is an economic system that says, "People should behave in manner X we approve." Keynesianism, Georgism, the Chicago school, etc. also offer prescriptive solutions. Austrian economics begins first by examining how and why humans act, and prefers to describe rather than prescribe.

economics
7 years ago by

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