Economics Questions

Re: Points of contention Austrian v Neoclassical

Uriah — Sun, 07 Jun 2009 03:43:58 GMT

Great responses guys, I've been reading through the PDF you recommended, and it's been an awesome read. I'll have a listen to that lecture a bit later.

Re: Points of contention Austrian v Neoclassical

Jon Irenicus — Wed, 03 Jun 2009 18:20:12 GMT

Give this a read.

Re: Points of contention Austrian v Neoclassical

fakename — Wed, 03 Jun 2009 18:05:31 GMT

uriah:

So my question is, what are the points of contention which underlie the differences between these two ideologies?

I'm pretty sure we austrians don't have any use for indifference curves and we believe the income effect is just a special type of substitution effect. I'm also pretty sure that all of austrian macroeconomics is totally at odds with new classical macroeconomics.

Re: Points of contention Austrian v Neoclassical

Sage — Wed, 03 Jun 2009 15:55:46 GMT

Lecture by Robert Murphy: "Austrian vs. Neoclassical Analytics"

Points of contention Austrian v Neoclassical

Uriah — Wed, 03 Jun 2009 08:40:58 GMT

I am just beginning to study a Bachelor of Economics and a Bachelor of Finance, however I've been into economics for quite some time. I have noticed that the Austrian school and the Neoclassical school are quite similar, though the Austrian school approaches these problems using Praxeology, they still reach a lot of the same results.

So my question is, what are the points of contention which underlie the differences between these two ideologies?