Showing posts with label Woods. Show all posts
Showing posts with label Woods. Show all posts
Thursday, September 22, 2011
Austrian Economics: Why It Matters
Austrian economics is oldest continuously existing economic thought in the world but it has been neglected for the past 100 years. It is now making a comeback because Austrian economics have predicted every downturn in the economy.
If you want to understand why the Keynesian model doesn't work, study Austrian economics.
"The Austrian economists have a track record only the Keynesian economists can dream of." - Thomas Woods
Labels:
Austrian Economics,
Keynesian,
Keynesian Economics,
Thomas,
Woods
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