|

The Closing Of The Austrian School's Economic Mind

by John Tamny Those familiar with this column are well […]

Image by © Dreamstime

Image by © Dreamstime

by John Tamny

Those familiar with this column are well aware of how very much it venerates what’s known as “Austrian” economic thinking, or the Austrian School. Books by Ludwig von Mises are always nearby, and then for one to Google “John Tamny” and “Ludwig von Mises” is to see how frequently he’s referenced, or directly quoted. Without presuming to define what is or who is “Austrian” from an economic perspective, von Mises’s thinking has been hugely influential.

That’s why the modern evolution of the Austrian School is sometimes so disappointing. Without naming names of specific writers, the thought processes that inform the modern “Austrian School” more and more read as statist, monetarist in their conceit about what’s allegedly the proper supply of money and credit, and probably most offensive of all, the reasoning at times reads as Keynesian.

Continue reading…

FORBES_ logo

The views expressed on austriancenter.com are not necessarily those of the Austrian Economics Center.

Related

  • May 17th, 2013

  • March 25th, 2015

  • May 8th, 2019

  • December 20th, 2017

  • June 24th, 2014

SHARE THIS ARTICLE!
JOIN OUR COMMUNITY AND STAY UPDATED!