If the people of r/neoliberal had to choose between Keynesianism or Austrian economics, which one would you prefer? 🤔
Posted by Ok_Tough7369
If the people of r/neoliberal had to choose between Keynesianism or Austrian economics, which one would you prefer? 🤔
Posted by Ok_Tough7369
9 Comments
Definitely Keynesian.
Austrian economics’ main advantage is being simple and definitive enough to be approachable for non-ecnomists with ideological dispositions.
It’s basically the economics version of freudianism.. Austrian psychology. More philosophy than anything else.
I would say Keynesianism but the government doesn’t raise taxes at the good times so i think Keynesianism does not work in effect. Similar to how things such as communism and socialism will never work in effect.
do you have a high res version of that poster or a source
We’re all keynesians now. It has been absorbed into mainstream economics. You can be a Keynesian and still believe that the government can generate “too much” inflation
Isn’t Keynesian just all mainstream economics at this point?
The neoclassical model is a modified Keynesian model, with applied natural experiments and means testing.
All you need to know is that populists HATE Keynesian economics. That’s enough evidence for me. 😎
New Keynesian (as opposed to old Keynesian econ) tempered by the public choice inputs from Austrian economics.
This sub always ignored public choice theory even though it’s a central tenet of neoliberalism
This is like asking if you prefer the gravitational model or little gremlins pushing you down as an explanation for why we don’t float around in space
Mainstream economics has moved on to Keynesian principles for a reason.