Hey ya'll. I have a question regarding the Austrian School view of the Progressive movements pushes in business such as the development of child labor laws and 8 hour work days. In the Austrian view of laissez faire towards big business would they just not have these regulations because it impedes on a "truly" free capitalist economy? Sorry if its seems like a stupid question, but I am just beginning to learn about this view of economics and am altogether new to economics anyway.
Thanks.
Thanks for clearing that up for me and all the great info ya'll have responded with. Please pardon my ingnorance, I am learning!
And I'm happy to be a new addition to this forum.
blindmelon1091:It is possible to beleive in free market, Austiran School principles as well as Democracy right? This is the foundation for people like Ron Paul and Peter Schiff, right?
I was going to give the standard "yes" and then elaborate upon value freedom. But since somebody already did that I'd like to say that I'm not too sure if one truly can believe in, and understand, Austrian Economics whilst still believing in the viability of democracy, not without some serious doublethink going on anyway.
As for Ron Paul, he's an anarchist.
"You don't need a weatherman to know which way the wind blows"
Bob Dylan
GilesStratton:As for Ron Paul, he's an anarchist.
Really? How do you know this?
Schools are labour camps.
Where there is no property there is no justice; a proposition as certain as any demonstration in Euclid
Fools! not to see that what they madly desire would be a calamity to them as no hands but their own could bring
GilesStratton: But since somebody already did that I'd like to say that I'm not too sure if one truly can believe in, and understand, Austrian Economics whilst still believing in the viability of democracy, not without some serious doublethink going on anyway.
Oh, I totally agree with you on that, I just thought I'd make a point to illustrate the economics vs politics dichotomy that newcomers to Austrian Economics seem to often blur.
eliotn: GilesStratton:As for Ron Paul, he's an anarchist. Really? How do you know this?
It's a guess.