1. What are current open questions Austrian economists study?
2. Advances in Austrian economics in last 10-20 years?
This is serious question.
2. Advances in Austrian economics in last 10-20 years?
This is serious question.
Go look up Peter Boettke at George Mason -- he is a current, publishing Austrian Economist (he gave a talk at my uni).
As a point of order. They're non-existent in the parts of government that actually do economist work, but the political appointee positions are lousy with them.
And boy do they punch above their weight in the financial press, chambers of commerce, think-tank circuit, etc.
In other words, Austrians do very well in any place that's sustained through the largesse of plutocrats and political donors. I wonder why. . .
I also wish their school of thought had an adjectival form that didn't make it sound like I'm slandering an entire nationality. Some of my best friends are Austrians! But they're mostly leftists. . .
Where? It seems most of the economists in these circles ascribe to the Friedman/Chicago school of thought.
> But they're mostly leftists. . .
Even though Austrian economics is associated with the right wing, right wing economists by and large have nothing to do with the Austrian school.
Friedman, Greenspan, Mankiw, Laffer et al are certainly not Austrians.
I think the status of Austrian economics in academia is best represented by the Mises Foundation's short list of best places to study Austrian economics, which concedes "some only have a sympathetic faculty member" and warns that some places have a lot of mathematics...
GMU is still the center (it's an Austrian fusion, but there's still a LOT of Austrian stuff -- Bryan Caplan is the exception rather than the rule), but Texas Tech, Troy, SJSU, FSU, and a number of others have heavy representation. I can think of at least 25 universities off the top of my head with at least one open Austrian on faculty. And yes, syllabi aren't just Austrian stuff -- even Austrians want you to learn Economics, not just what Mises said about Economics.
Austrians eschew almost all quantitative methods, all study of alt-coins is done within the framework of mainstream economics.
https://en.m.wikipedia.org/wiki/The_Denationalization_of_Mon...