"He concluded this section with the claim that the Austrian School is truly, and at its roots, the Spanish School. He then reversed the positive judgment of Klein to provide a passionate denunciation of the British classical school and Adam Smith in particular for setting back economics hundreds of years with the labor theory of value and other issues.
De Soto thrilled the audience with a short disquisition on the work of Jamie Balmez was a Spanish thinker of the mid 19th century, who beat Carl Menger in time in resurrecting the subjective theory of value, giving a very clear discussion of utility. He did not say that but it was an interesting observation that perhaps even in modern times (19th century) the Austrian School should be called the Spanish School."
If you’re going to change it, make it catchy and worth something. Call it The Correct School of Economics. Rhetorically that’s just a gimme we shouldn’t pass up if we’re going for a change anyway.
I’m not in favor of a name change, but I think one that would be fitting would be the “Continental School” (per Rothbard’s usage in “Austrian Perspective”), thereby distinguishing it from Manchesterism and including such great pre-Austrians as the Spanish scholastics, Turgot, Say, and Bastiat.
Of course Marx and von Schmoller were “continental” as well, so that would be an issue…
Using the moniker “Continental School” would probably cause even more confusion, since Continental Philosophy is about as far removed from Austrian thought as can be…we wouldn’t want people to think that “our” Continental School was in any way linked Jacques Derrida now would we? [:|]
I like this one, since while it is not as accurate as “The Praxeological School”, it is close enough to the true nature of the school and gives a good indication of its subject matter, while being quite snappy. It’s much better in that regard than “causal-realistic” too.
Well why not call it the French school since there were people like Turgot and Condillac who were essentially proto-Austrians. I know Ralph Raico would take a liking to that name.
Person, like Keyesianism results in deification = out.
Methodology is what separates the Austrian School from all others.
“The Logical School of Economics” - Logical Economics
“The Praxeological School of Economics” - Praxeological Economics
As was suggested above. Both good starts. TBH, I don’t think there is much of a point in changing.. it’s not that hard to realise the School of Thought has not much to do with Austria the country, bar the founders were from there.
I am not part of the Austrian School, but I don’t even think there is such a thing as THE Austrian School; if they all have something in common it is the base that was supplied by Menger. I consider those at the Mises Institute to be practicing Rothbardian Economics and those at GMU to be practicing Hayekian Economics or Kirznerian Economics.
If someone put a gun to my head and made me give a name to the school I belong to, I would probably say Neo-Hayekian Economics (but even this doesn’t quite capture it).