What are you economic views?

 
More Than Mortal
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What school of economics do you subscribe to? Who is your favourite or least favourite economist?

I'm probably in the Chicago School alongside the likes of Milton Friedman and Thomas Sowell, and more specifically monetarism. I do have a healthy respect for the Austrian School, for all the scorn heaped upon it.

Favourite economist(s): Milton Friedman; F. A. Hayek.

Least favourite economist: Ha Joon Chang.

Take this test if you're not sure: http://www.okcupid.com/tests/the-economic-school-of-thought-test

It seems mildly accurate. I got:

Balanced Freedom
23 Keynesian, 54 Chicago, 54 Austrian


You are in favor of a free market, and quite a bit of individual freedom. That said, you don't really fit in any one school of thought. A little Keynesianism, a little Chicago School methods, and a bit of Austrianism all sprinkled around. You just know you want a working market, and you support it, but you have no consistent methodology guiding you.
Last Edit: August 13, 2014, 01:57:43 PM by Meta Cognition


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No clue

I believe in a gold standard, free-market/ conservative approach, low domestic taxes, higher import taxes, free-trade is bad

Where would that place me?


 
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No clue

I believe in a gold standard, free-market/ conservative approach, low domestic taxes, higher import taxes, free-trade is bad

Where would that place me?
The School of People who Shouldn't be Allowed to Discuss Economics.

If you're genuinely interested, take this test: http://www.okcupid.com/tests/the-economic-school-of-thought-test
Last Edit: August 13, 2014, 01:46:06 PM by Meta Cognition


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Last Edit: August 13, 2014, 01:54:11 PM by Weed Commando


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The School of People who Shouldn't be Allowed to Discuss Economics.

If you're genuinely interested, take this test: http://www.okcupid.com/tests/the-economic-school-of-thought-test

topkek

I got Austrian school. Dunno what that is lol


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This is the way the world ends. Not with a bang but a whimper.


Funny, I got almost exactly the same.


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Not too knowledgeable in the whole schools of Economics things. What's the difference between Chicago, Austrian, and Keynesian?

Keynesians are *for* fiscal deficits and activist government and are more associated with the likes of Paul Krugman.

The Chicago School has historically been neoclassical and supported Milton Friedman's doctrine of monetarism, while the Austrian School has differed in its methodology, while still ending up supporting a lot of the same conclusions of the Chicagoans. The easiest way to think of it, I find, without going into too much detail, is that Chicagoans tend to be the consequentialist, moderate libertarians while Austrians are deontological, moral libertarians.

Ron Paul, for instance, is an Austrian.


 
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Is this yet another Amerocentric test?
Economic schools are the same everywhere.


 
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Quote
Balanced Freedom

38 Keynesian, 23 Chicago, 54 Austrian
You are in favor of a free market, and quite a bit of individual freedom. That said, you don't really fit in any one school of thought. A little Keynesianism, a little Chicago School methods, and a bit of Austrianism all sprinkled around. You just know you want a working market, and you support it, but you have no consistent methodology guiding you.
Did I pass?