Why I am not an Austrian Economist

«(...) Given this, I conclude that while self-labeled Austrian economist have some valid contributions to make to economics, these are simply not distinctive enough to substain a school of thought.

Austrian paradigm has largely failed, producing an abundance of meta-economics (philosophy, methodology, and history of thought), but few substantive results.

Whatever Austrian economists have that is worth saying should simply be adressed to broader economics profession, which (in spite of itself) remains eager for original, true and substantive ideas.(...)»
Brian Caplan
Department of Economics
George Mason University

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