Why is the Austrian School wrong?

It isn't.

There really isn't anything terribly wrong with it, it is just that their "praxeology" is a bottom-up approach which contrasts with the top-down approach favored by university administrators and government bureaucrats so it is unpopular in academia.

>>1412227
First post, best post

>>1412224
>austrian economics? fundamentally flawed! listen to your professors goy, we need complete control over the monetary system in order to prevent collapse.

Hmm

It isnt wrong but we are so far down the keynesian path that it is impossible to change direction.

>>1412224
its not wrong its just not modern, like a car from the 1950s

>austrian school
>relevant

pick 1

>>1412224
Its not the american school (look it up)

It goes under the premis that everyone acts rationally for thier own self interest, but humans are dumb and believe altrustic propaganda and do other irrational things

>>1412224
You are wrong

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15KB, 300x207px

>>1412407

>>1412407

Still better than centrally planned economics

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38KB, 366x464px

>>1412227
/thread