Replies

Thank you all for the replies to my supposition that there was perhaps an error made in the spelling. I had not heard of Austrian Economics before and truly believed it was a misspelling of the word austerian.

Although I earned an MBA, I HATED the Economics courses. lol Why? Because so much of the mess taught by the profs was theoretical, as were the Wiki articles you folks led me to, and were thus very difficult to relate to real life situations that existed at the time.

Academics tend to write using multi-syllabic words and phrases that people on the street cannot comprehend, as they want to get approval from their peers and publish their papers.

I did find a coherent statement in one of the Wiki articles, that would fit my idea of what the Maine folks want to do: “Austrian economists view entrepreneurship as the driving force in economic development, see private property as essential to the efficient use of resources, and usually (if not always) see government interference in market processes as counterproductive.”

That statement makes sense to me!