Hello, I’m The Late Andrew Ryan. I’m fairly new to both economics and even newer to the
For this reason I’ve put all my inquiries into a single “Omnibus” of questions and divided each of them into one of four sections: A. Austrian economic history and current standing and its relationship to other schools B. Austrian economic theory C. Current issues and public opinion D. Anarcho-Capitalism. This set of questions is to deal with A.
I’m also curious what books would help me to further understand Austrian economics. I’d like to know more about general Austrian theory, the business cycle, matters of employment in the free market, and Anarcho- Capitalism and you can see from my previous read that difficulty of the rea isn’t a problem. As for the first round of questions, here goes.
Why is it called the “
Why is it that the
Why is Keynesianism so immensely popular?
What is the relationship between Austrian, the Neo-classical, Keynesian, and Socialist schools (Is there any real respect or does everyone pretty much hate everyone else?
What is the current “economic forecast” according to the Austrians? What does the future hold?
When did the school begin?
How many Austrians tend to be religious?
What is the Keynesian view of the great depression and how do they justify that when so much stimulus and intervention was taken that the depression lasted for over a decade?
Who are the three greatest Austrian economists? Was Ludwig Von Mises really that important to Austrian the school? What were the 4 most important books to the school?
How many Austrians are Anarcho-Capitalists as compared to Liberitarians? What is the approximate ratio?
Principles of Economics (Menger)/Economics for Real People/Economics in One Lesson, An Introduction to Economic Reasoning (Gordon), Man, Economy & State plus its study guide, Human Action plus its study guide, in that order. Optionally Reisman’s Capitalism, Garrison’s Time and Money and Hoppe’s The Economics and Ethics of Private Property, though eventually you should read them too. These books present the core of Austrian theory. As a note, it is not the Rand School of Economics, she merely adhered to it and admired Mises in spite of disagreements. Many Objectivists are not Austrians and vice versa. There is merely some overlap in who follows Rand’s philosophy and the Austrian school.
Ok on all of them except for 5. Surley there have to be at least predictions on what will happen. I understand perfectly that Austians aren’t gods of infinite wisdom, if i believed that Id go in for bloody socialism, but they predicted the housing market crash. There must be at least basic theories about how the market will deal with all of the tampering. If were in for somthing great depression like or if the market will manage to recover any time soon
Seriously, just read a couple books to get you started. You’ll get your bearings a bit better that way, rather than firing out a bunch of random questions online.
Economics for Real People is good, and free to read online (a lot easier than Menger’s principles of economics).
Definitely take the time to check out the media section and scan through all the topics / audio books / lectures… there will be something that interests you.
Lol damn. I had some cut/paste issues with this post, i undertand that Rand wasnt an austrian economist or anything. But at any rate thnk you for the greeting.