TRIGGER WARNING: FACTS AHEAD!!
en.wikipedia.org
en.wikipedia.org
recoveringaustrians.wordpress.com
econfaculty.gmu.edu
realcurrencies.wordpress.com
hallingblog.com
reddit.com
econlib.org
colorado.edu
want to learn REAL economics? no problem, open source PDF book
openstax.org
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bump
too afraid to reply fuckbois?
i'll bite.
can you give me a common topic that keynesians and austrians disagree on, and then explain why keynes is correct?
lets debunk the austrian theory instead of just making a bunch of links to shit nobody will take the time to read.
>presupposing market failure
last bump, rip thread no replyino
ien.wikipedia.org
educate yourself fag
austrians reject empiricism, praxeology is unscientific, its just garbage ideology not economics
does anyone take this faggot seriously anymore? he's been btfo and debunked for years now - even by degenerate leftists.
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Tldr?
I'm not reading anything without a basic summary of the arguments made against Austrian economics
Here's some words of wisdom for you comment posting idiots. You people think your opinions are so important and that you possess some natural-born expertise. But take it from ME, a REAL expert, when I say your comments are even more stupider than you people making them. Now I have a lot of experience, so when I say something, it counts. That's because I'm very important and I know what I'm talking about, unlike feeble-minded you. I see you want to retort by posting a reply, do you? PSHAW!!! You can't post a reply to me because you're speechless, and you're too AFRAID. Besides, no one wants to hear your stupidness anyway.
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Remember: He who laughs last, laughs last. So, go ahead, I dare you to write a reply to my comment. I DOUBLE dare you to write a reply to my comment. But I know you won't reply to my comment because YOU'RE ALL TOO AFRAID.
>educating in wikipedia
kys
im not going to write pages for some drooling mouthbreather, enjoy being uneducated fool
Is this an argument for keynesian economics?
I'd imagine if there was an economic system that would disprove Austrian economics it would have to be a third option because debt based broken window shit has been retarded since it's implementation
So you basically are too stupid to even make a point?
Literally a couple of sentences as to the nature of your argument is all I'm asking
Just slapping down a few links doesn't really help anyone
>iz be free interests
>iz be muh moneyz
>gibsmedat
>being this much of a newfag
>bumping his own thread
Has as much effect as this sage, bitch
lol thats HILARIOUS! Keep up the great memeing
yeah, that was awesome!
As someone with a Bachelors in Economics I understand the inherent problems that makes up Mainstream Economics. The Austrian method has very reasonable critiques of the mainstream approach, especially, in terms of Utility theory; indifference curves; market structure modeling of perfect competition and monopoly. The Austrians offer very distinct and fatal flaws that drive the wooden spike through the heart of Neo-classical economics.
I'm a hot 22 year old from Italy. Guys as funny as you are so hard to meet. Why can't you be here, with me?
But you do agree that we can not know how the economy will do in the future or how the markets will react with certain precision?
We do need a system to easy the free market and competition machine so that the markets are kept healthy and not oppressed and sick of the State boot.
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Yes, let's pay people some "experts" to tell all the stupid goyim that the best way to run the economy is to loot it. That'll show 'em!
Classic neo-Keynsian economics from homosexuals with a high time preference.
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economics is a joke
>The Austrians offer very distinct and fatal flaws that drive the wooden spike through the heart of Neo-classical economics
Austrians hardly have a unique position BTFOing neoclassical economics/equilibrium theory.
Like you would know bitch
I do, actually.
Your flag says otherwise
Hmm, doesn't sound like an argument to me; not that you'd be able to comprehend the difference.
this is retarded
you know the interest on the debt-money?
interbank rate is less than 1%
also what happens when the growth generated by the economy is greater than the debt interest?
murricans dont know how to manage money then the economy is a sham
kek at you ignorant fuck
> Muh praxeology
Hoppe redpilled me on Democracy while at the same time redpilling me on libertarianism. What an absolutely moronic view of economics.
The only thing worse is the "paper money is worthless" crowd.
OP isn't telling me anything I didn't already know. There's a reason that Austrians can't make it out of the dorm room.
>being this new
this is why most of us gave up on ancap in our early 20s
what board do you think this is? pol is a national socialist board. i know for a fact at least one of those blogs advocates for minimal interest mutualism, so yeah. hail victory.
>hoppe
Holy shit, I forgot about that nigger. Dumb as a sack of shit. His whole ethos is a contradiction.
molymeme murder-suicide when?
market failure praxeology rational agent model anti-empiricism anti-behavior econ koch brothers debt!=bad deflation!=good ABC is wrong ignorance of utility theory anti public good non-understanding of monopoly
literally almost everything is wrong, it was abandoned after the fucking 50s.
look up anything mainstream economics 101 jesus christ
>While the substantive contributions of Austrian economists to economics are significant, their sum from Human Action on is small compared to the progress that neoclassical economics has made over the same time period. The ten good ideas listed in section 4.3 are only the beginning of what economists have learned since 1949 - in spite of the large deadweight cost of mathematics and econometrics. Mises and Rothbard certainly produced an original alternate paradigm for economics - and applied this paradigm to a number of interesting topics. Unfortunately, the foundations of their new paradigm are unfounded, and their most important applied conclusions unsound or overstated. The reasonable intellectual course for Austrian economists to take is to give up their quest for a paradigm shift and content themselves with sharing whatever valuable substantive contributions they have to offer with the rest of the economics profession - and of course, with the intellectually involved public. In sum, Milton Friedman spoke wisely when he declared that "there is no Austrian economics - only good economics, and bad economics,"[60] to which I would append: "Austrians do some good economics, but most good economics is not Austrian."
I can smell /r/ordolib... ehh /r/neoliberal from here
I don't even know how their positive economics differ from mainstream neo-classical.
Jesus christ I haven't laughed this hard in a long time.
Pure fucking gold
>en.wikipedia.org
Wow, a consensus of people studying a highly political soft science. Thanks for the laugh.