STAFF NEWS & ANALYSIS

Austrian Economics Is Popular and Forceful

By Daily Bell Staff – January 12, 2017

Tribal Warfare in Economics Is a Thing of the Past  … I still remember going to a graduate student barbecue my first month at the University of Michigan. I told a woman from another department that I was studying economics, and she asked me: “What school?” Blinking, I replied “This one. The University of Michigan.” That wasn’t what she was asking, of course. She wanted to know which tribe of economists I belonged to — the Chicago school, the Austrian school and so on. But to me, the question made no sense, because academic economists in this day and age are not actually divided into warring schools of thought. And it’s best that people stopped thinking about economists in those terms. -Bloomberg

This is wrong. There is no