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Austrian Economics

comoncents
Posts: 5,647
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6/10/2010 5:57:48 PM
Posted: 6 years ago
At 6/10/2010 5:57:23 PM, comoncents wrote:
Who here loves it? Why
Who here hates it? Why

Explain what you think it is in a nut shell?

Oh, And what economic system is better?
Reasoning
Posts: 4,456
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6/10/2010 11:11:42 PM
Posted: 6 years ago
At 6/10/2010 5:57:23 PM, comoncents wrote:
Who here loves it?

I.

Why

Because it is true.

Explain what you think it is in a nut shell?

Economics derived from the purposeful action of individuals.
"What we really ought to ask the liberal, before we even begin addressing his agenda, is this: In what kind of society would he be a conservative?" - Joseph Sobran
Volkov
Posts: 9,765
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6/10/2010 11:20:23 PM
Posted: 6 years ago
At 6/10/2010 11:19:49 PM, wjmelements wrote:
Volkov, his definition of socialism is pretty broad.

Good point... I didn't think it extended to capitalism, though. That just seems odd.
wjmelements
Posts: 8,206
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6/10/2010 11:22:41 PM
Posted: 6 years ago
At 6/10/2010 5:57:23 PM, comoncents wrote:
Who here loves it?

I.

Why

It's the proper approach to economic problems.

Explain what you think it is in a nut shell?

It is a non-empirical system of economic thought that focuses on the subjective theory of value, marginalism, and praxeology.
in the blink of an eye you finally see the light
wjmelements
Posts: 8,206
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6/10/2010 11:23:35 PM
Posted: 6 years ago
At 6/10/2010 11:20:23 PM, Volkov wrote:
At 6/10/2010 11:19:49 PM, wjmelements wrote:
Volkov, his definition of socialism is pretty broad.

Good point... I didn't think it extended to capitalism, though. That just seems odd.

You forget that Rothbard is the prophet of the Austrian Church of Economics.
in the blink of an eye you finally see the light
Volkov
Posts: 9,765
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6/10/2010 11:25:15 PM
Posted: 6 years ago
At 6/10/2010 11:23:35 PM, wjmelements wrote:
You forget that Rothbard is the prophet of the Austrian Church of Economics.

Kinda like how Jesus is a prophet to Muslims, even though he's a central figure in Christianity.

In other words, Reasoning is a Muslim.
InsertNameHere
Posts: 15,699
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6/10/2010 11:34:21 PM
Posted: 6 years ago
At 6/10/2010 11:25:15 PM, Volkov wrote:
At 6/10/2010 11:23:35 PM, wjmelements wrote:
You forget that Rothbard is the prophet of the Austrian Church of Economics.

Kinda like how Jesus is a prophet to Muslims, even though he's a central figure in Christianity.

In other words, Reasoning is a Muslim.

lmao. Sigged. xD