To: arthurus
A great majority of conservative intellectuals are Keynesian or Monotarist, who belives in central planning. Not many Austrians Economists
17 posted on
01/05/2011 9:04:59 PM PST by
4rcane
To: 4rcane
Adam Smith is probably not part of the Austrian School. I think he was a little earlier. Keynes and Friedman both claimed to derive from him and both were at least mistaken. The conservative Monetarists sound good when they discuss the world they would like to see but, like the Keynesians,they believe the economic levers should be operated by Experts under political supervision. They differ primarily on the color and shape of the levers and the scales of measurement.
35 posted on
01/05/2011 10:13:40 PM PST by
arthurus
(Read Hazlitt's "Economics In One Lesson.")
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson