Economic Schools of thought late 1800's and early 1900's. (user search)
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  Economic Schools of thought late 1800's and early 1900's. (search mode)
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Poll
Question: What theory would you have been a disciple of?
#1
Austrian School/Neoclassicalism
 
#2
German Historical School
 
#3
English Historical School
 
#4
Marxian Economics
 
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Partisan results

Total Voters: 23

Author Topic: Economic Schools of thought late 1800's and early 1900's.  (Read 12229 times)
True Federalist (진정한 연방 주의자)
Ernest
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« on: August 13, 2009, 07:45:06 PM »

Of the four, Austrian, but I see myself more as a Distributivist.  The Austrian school works quite well if your only economic goal is maximizing GDP, but it lacks any consideration of the ethical consequences of doing so.
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True Federalist (진정한 연방 주의자)
Ernest
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Posts: 42,144
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« Reply #1 on: August 14, 2009, 12:22:26 PM »

But are crashes, deflation, and depression necessarily a bad thing looked at economically? They certainly cause people to reassess what they should be doing economically and seek more optimum ways of doing things.  They cause a considerable amount of personal pain in the the short term, and certainly more than is desirable, but to achieve a pain free economy requires placing a national economy in a torpor that enables more energetic economies to grow faster.
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