[logician2u]

Take the quiz, FReepers, and find out where you stand economically.

Not your net worth, but your understanding of economics, that is.

If you want to, post your score(s) on this thread. Tell us why you answered some of the questions the way you did. Where you disagree, say why and see if you can defend your case with links to Web pages if you have them.

The quiz will take a few minutes (typically 30) to complete, so take your time. Although it's multiple-choice, don't expect to find many questions you'll be able to answer in the traditional way, by discarding the blatantly wrong ones. Many answers will seem reasonable to the average person, so read them all carefully and look for (sometimes subtle) differences.

Don't feel too badly if you answer some of the questions in the socialist manner. That's commonly the case, even among those who have studied what passes for economics.

NO FAIR LOOKING AHEAD!!! Take the test first, then you can see other scores and comments and post your own.

[NOTE: Scoring is done automatically after you click on the submit button. You won't need to check your e-mail to learn how you did, in spite of what they say above.]

[steplock]

Needs a better title!

maybe have the moderator ADD something like:

Economics Quiz or Economics Poll

just to make it clearer and get more readers?

[luckydevi]

Scored a 90

[seowulf]

Scored 97. I knew the Austrian answer I "missed"-just didn't agree with it.

[x]

It's pretty simple.

This is an Austrian

This is a jackass

[Agnes Heep]

I got an 84 out of 100.

[logician2u]

I don't normally ping others to a thread I start, but since this one may go nowhere fast (i.e, below the recent threads horizon), perhaps some of you will find this of interest.

Feel free to ping your pals if you are so inclined.

(It will be interesting to see the scores some of the neocons and trade protectionists rack up, too. You know who I mean.)

[Liberal Classic]

Your score is: 90 out of 100.

The few questions I answered 'incorrectly' were of the Chicago School.

[thrcanbonly1]

Your score is: 94 out of 100.

Each question is followed by an Austrian School answer (4 points), a Chicago School answer (2 points), a Keynesian-Neoclassical School answer (1 point), and a Socialist answer (no points)--all broadly defined.

[sourcery]

Thanks for the ping!

[MattAMiller]

I got a 62 with mostly Chicago School answers. I'm actually kind of suprised I managed as much consistency as I did, and understood as much of the answers as I did. I'm a sophistimacated economic thinker I am.

[johnb838]

No Worries, mate. Too Right, Oy'm an Austrian. Throw another shrimp on the Barbie, eh?

[Starwind]

Are you qualified to be Fed Chairman?

[the gillman@blacklagoon.com]

It gave me an 83, but one of the non Austrian answers should have been Austrian except the button selection changed on a down arrow. So that should have been a higher score. All my other answers were Chicago, which I never heard of before, and on question nineteen Free trade/globalism, there was no answer that I agreed with at all.

[Moonman62]

Why do a quiz? Why not just come out and say what the Austrians stand for? It's like that quiz a while back to see if you were Libertarian. It's very misleading, and apparently didn't work. The LP is still below the single digits.

[Greybird]

I scored 98. If the differences between the Austrian and Chicagoite descriptions of the nature of time preference and interest had been more clear, it would have been 100.

What wasn't terribly surprising was how often the Chicagoite, Keynesian, and Socialist preconceptions came out being essentially the same. That is, if you reduced them to philosophic essentials. They all insist upon a positive and productive role for some degree of State control. Only the Austrian viewpoint seriously takes up Thomas Paine's view of government as "at best a necessary evil, and at worst an intolerable one."

Yes, I am an Austrian ... Mises' version, not the Governator's.

[philetus]

How come #1 doesn't have "My $hit is my $hit"?

[Uri’el-2012]

bump

[Petronski]

I scored an 82, but upon review of my answers, I don't think I'd change a thing.

[stck]

Great test!
Whether you agree with everything those economists stand for, or not, they do give reason to question certain economic answers deemed a given today..

They've already changed some of my views, and I'll continue to read myself into them.

[KC Burke]

The Austrian school has many branches subsiquent to von Mises. The whole Chicago school of thought probably bears it as one parent. Hayek and Roepke, however, take that school as a basic starting point and then begin to show an economic theory that begins to dovetail to politics, morals, law, ethics, culture and society at large. Restricting oneself to classic Von Mises theory alone is probably not very thoughtful.

I know that bare bones libertarians hold him as a solitary source after Mill, but conservatives can still profit by looking at some of his thought.

Kirk held for Roepke, Reagan for Friedman, Thatcher for von Hayek and all in that list build upon von Mises basic theory.

But economic theory must mesh with principles of other disciplines as well and those that followed him took up that task. We aren't merely economic ciphers or units.