Thursday, August 18, 2016

5 Reasons Why Austrian Economics 
Is Better Than The Mainstream
1. Quantitative Models Totally Miss the Nature of Human Action
2. The Micro/Macro Separation is Baseless
3. Economic Laws Aren’t Just Empirical Regularities
4. Austrian Economics is not a Collection of “Vague Ideas”
5. Austrian Economists Did Predict the Housing Bubble Catastrophe … and the Great Depression
"Mainstream economics is fraying at both ends. At one end, heterodox and Austrian economists keep pulling on loose strands: pointing out the inconsistencies, failures, and absurdities of their unrealistic models. At the other end, top mainstream economists and mouthpieces are doing the same, but with a touch of deflection and embarrassment."
LINK HERE to the essay

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