Do you know the difference between an Austrian Economist and Keynesian?

Posted by: Fight4Liberty

  • Yes, I know the difference between an Austrian Economist and Keynesian.

  • No, I do not know the difference between an Austrian Economist and Keynesian.

82% 9 votes
18% 2 votes
  • Anyone who has taken any introductory economics course

  • Yes, excessive credit vs aggregate demand are the central themes for their explanation for business cycles. I prefer RBC theory myself which is based on real (as in not nominal) shocks to the economy.

  • I'll probably get thrown off the forum if I explain the differences between the two in my own words :P

  • In short: Incentives based economic analysis vs. steer the economy with fiscal and monetary stimulus according to C+I+G=Y

  • I am not familiar with either. I take economics next year, maybe I will be enlightened then.....

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ChosenWolff says2014-07-08T20:20:21.7757667-05:00
One's comprised of idiots and the other practical genius's
debate_power says2014-07-09T18:26:28.0308284-05:00
Which one has the idiots?
ChosenWolff says2014-07-09T20:27:48.3924935-05:00
Austrians and their beloved "says"
debate_power says2014-07-18T13:11:09.2225796-05:00
I might disagree there

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