What have Austrians been wrong about in general? What have Austrians wrongly predicted? What have Austrians wrongly predicted that Keynesians have correctly predicted?

Hmm… Honestly nothing springs to mind beyond this As annoying as it sounds modern Austrianism is kind of like Marxism in their view that economic crashes are always in the making, so they’ll always eventually be right when they do happen. As I recall Murphy and many Austrians have also been predict…

Blah blah blah history happened at some time in the past blah blah blah. All the cool kids talk about the present.

Don’t know, but Austrian Economics is the one school of economics that is consistent with the theory of micro-economics and with any consistent theory of morality. No other school of economics can say as much as all ignore theft from individuals and threats of force used to upkeep monopolies. L…

I don’t think you can predict what happens with the modern systems in place. For any problem, the constantly do crazy things to try to fix it. These often suppress the original problem, but create new problems later (which are then suppressed with more “fixes”). It’s hard to predict the short-term o…

Murphy has admitted being wrong on hyperinflation, which Krugman and DeLong like to wield over his head.

Krugman acknowledges Murphy’s existence?

I’ve never seen Austrians address how hyperinflation will happen, but from what I have studied in the field of International Political Economy it will happen only when the rest of the world ceases their participation in (1) the petro dollar system, (2) the international debt markets, and (3) the Eur…

It’s a small thing but indifference curves. Some Austrians reject the concept of indifference; you either like A or B. One non-Austrian economist replied that if Austrians didn’t believe in indifference then they couldn’t simultanously believe in their own subjective-marginal theory of value since …

What have Austrians been wrong about?

Economics Economics Questions

Amanojack October 21, 2013, 5:57am 21

Here’s a thread on the scarcity of air: https://forum.freecapitalists.org/t/scarcity-of-air/24859

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What have Austrians been wrong about?

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