pull down to refresh
23 sats \ 4 replies \ @Rothbardian_fanatic OP 17h \ parent \ on: TGIF: The Great Carl Menger econ
Yes, I understand the point about being an Austrian and still working within the Public Choice arena.
I had an experience one time with an analogy of that: you don’t have to be a Buddhist to do vipassna meditation, you can be a Christian, Hindu or Muslim and still do that style of meditation. However, being a Buddhist gives a deeper understanding of the meditation and why you are doing it that way.
On the reasonable situation, I was making an observation that Austrian economics is deductively reasoned from the basis of the humans act premise to the logical ends it reaches. I wasn’t commenting on how reasonable other theories were.
I get it. My point is that someone like Caplan agrees with the Austrian approach, but not some of the particulars, and it's both Austrians and economists like Caplan who do Public Choice work.
There's not really a whole school of thought covering all of these people. Although, I think some of them do refer to it as the Virginia School.
reply
Ok, I am not familiar with it. A lot of people disagree with the Austrian approach and its particulars. I have a suspicion that a large part of the disagreement stems from whence the money comes. Austrians seem to have a tough time getting into the professiariat and the apparatus of the state sponsored education environments. It could be because they don’t support state intrusion into the economy and economic matters by sticky fingered middlemen!
reply
I think most of the Virginia Schoolers are at George Mason currently, which has a significant Austrian presence as well.
reply
Yes, the Austrians and Public Choice people seem to get along well.
reply