Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Economists always do this shit. They talk about the unimpeded free market being some sort of saintly state of being, convince governments to implode themselves, everything goes to shit and… guess what? Apparently the economists had nothing to do with any of it?

Also, just calling the majority of economists 'Republican' doesn't explain it completely. The truth is that the Austrian School of Economics (Mises, Friedman, Hoppe) IS economics, and every single successful economist believes 100% in their gospel.



Friedman was not an Austrian. You are ignorant of basic facts. Austrians are fringe and have almost no influence within mainstream econ, and beyond that Austrians are closer to Chomsky than Burke.


This isn't exactly true. Marginalism, which is basically taught to the exclusion of any other economic value theory, is largely from Menger.


If they have no influence, then why are they found in every single right-wing government as the architects of the new economic model?

Is Javier Milei not influential? Who or what is influential, then?

> Friedman was not an Austrian

Yeah, ok, he was from the Chicago school. Same shit to me. Whatever mental masturbation they dedicated themselves to is irrelevant to me. What is relevant is which policies they championed, influenced and implemented.

And they seem pretty indistinguishable from each other. At the end of the day, they all loved the holy and sanctimonious free market like a harsh but fair deity who would grind all the undeserving and the rabble into dust.


I strongly suspect most practicing economists are Keynesians.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: