The Austrian School of Economics · Rebel Economist (Free)

The Austrian School of Economics

In my judgement, the Austrian School is A LOT closer to Keens thinking about economics than neoclassical stuff. They claim that markets are usually in disequilibrium for example. How right am I?

Also I think we should adress the two kinds of roles the government has in economics. People often link wealth redistribution or stuff like that going on in depressions to the government doing something. However, when the Austrian economists say that government intervention should be minimal I think they mean in terms of price controls and stuff rather than redistribution or altering of interest rates (central bank).

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