interdependent globalized world: Where is the best place to start learning Keynesian and Austrian Economics?
Are there certain internet sites that you would recommend looking at?
Are there certain books you would recommend?
Are there certain people that you would recommend listening to?
Are there any additional things I should be looking into to learn about these two forms of economics?
Also, what are the differences between Keynesian and Austrian Economics?
Thanks for your help!
Answers and Views:
Answer by FreedomLiberty
I would suggest that you just learn, read, and study Austrian Economics as opposed to Keynesian economics. For the longest time, people have been following Keynesian economics and it has caused a lot of harm already.
History and the Austrian Economists have refuted Keynesian theory time and again. The current problems we have right now are due to Keynesian policies enacted.
Keynesians believe that the government has a big role to play when it comes to the economy.
Austrian Economics on the other hand believes in real free market capitalism (which we haven’t had for the longest time). To show you how credible the Austrian Economists are, they have predicted the Great Depression, the crisis of the 70s, Enron, the Nasdaq Bubble/Burst, and the Mortgage Crisis to name a few. No other school of thought can claim that and back it up with numerous writings.
By going to the Ludwig Von Mises Institute’s website, you will find all the resources you need to learn Austrian Economists. You will also find articles, writings, and books that refute Keynesian theory there.
Enjoy!
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