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35 sats \ 3 replies \ @stack_harder OP 16 Feb \ parent \ on: What's the Austrian perspective on needing the ability to increase money supply? econ
a classic bitcoin fixes this moment!
when they teach economics these days, do they at least mention the Austrian school, like give it a cursory, oh btw there's also this other school of thought but we disagree with it for XYZ reseaons?
or is it just Keysian all the way
It's not explicitly Keynesian, aside from a few topics in macro, but most often the Austrians won't be mentioned outside of a History of Economic thought class.
Most economists who have a familiarity with Austrian Economics would say something like "The core ideas have been incorporated in modern microeconomic theory." and that's partly true.
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interesting. what are some of the worst parts about what's being taught as part of the current curriculum, in your opinion?
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It depends on the level. In undergrad, I actually think the content is mostly fine, but it's not very rigorous. Econ departments seem to approach their curricula from a revenue maximization standpoint and they know students don't like taking difficult classes.
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