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