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24624970 No.24624970 [Reply] [Original]

Why is Austrian economics not taken seriously, when it's objectively superior to mainstream?

>> No.24625072

>>24624970
oachkatzlschweif

>> No.24625094

>>24624970
ah a fellow freedom reserve holder.

>> No.24625123

>>24624970
was hast du gsoffen oida?

>> No.24625150

>>24625072
schwoaf*

>> No.24625195

Chigaco > austria

>> No.24625202

>>24625072
>>24625123
>>24625150
why do germs love speaking their useless language on english speaking websites?

>> No.24625246

>>24624970
because politicians want to give free money to everyone to get votes

>> No.24625359

>>24624970
Goes against the interests of politicians and corporate overlords
Other reason is that it has very modest goals, it doesn't allow people to dream of a perfect system that resolves all the problems of humanity.
Finally most people don't want freedom, they want to be ordered around so that they can abandon responsibility

>> No.24625395

>>24625202
weilsd an feichtn dreg davo schnallst, du solznega

>> No.24625442

>>24624970
Because austrian economics promotes delayed gratification while people want things "now".
Because all modern economists are raised on keynesianism and are presented austrian economics as a failure and the Fed as necessary.
In any case crypto will kill the current system, computers always end up winning.

>> No.24625443

>>24624970
Chicago and Keynesian pretend to be sciences which make them popular in the US. Austrian pretends to be philosophy which the average US citizens sees as useless.

>> No.24625477

>>24624970

Because it's easy to say cronyism is capitalism anyways and poison the well of arguing for it

>> No.24625602

because useful idiots

>> No.24625655
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24625655

Because AnCom ganggang, Cappies eat shit.

>> No.24625675

>>24625655
Have sex

>> No.24625718

>>24625675
Yes, before, during, and after they put Jeff Bezos' head in a guillotine.

>> No.24625774
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24625774

>>24624970

Unfalsifiable claims, presuppositions axioms, and no predictive capabilities.
The reason it isn’t taught is because it’s irrelevant mysticism, contradicted by behavioral economics (because the presuppositions are false) and unsuited for use in computational or calculational economics (because it has no predictive capacity). There are no useful ideas there, just axiomatic claims.

We barely even care about the utility preference function these days because it’s only useful in consumer and auction economics.

>> No.24626021

>>24625774
how did you manage to use so many big words and still say absolutely nothing of substance

>> No.24626036

>>24625395
Auft howen das ichlingtin schazwik

>> No.24626080

>>24626036
die flipperwaldt gersput

>> No.24626089

>>24625774
i dont appreciate your sesquipedalian loquaciousness. That would be garrulousness, verboseness, effusiveness or how about "chattiness"?

A predilection by the intelligentsia to engage in the manifestation of prolix exposition through a buzzword disposition form of communication notwithstanding the availability of more comprehensible, punctiliously applicable, diminutive alternatives. Also known as "gross verbosity". Related to this is the use of inkhorn terms, loanwords from a foreign origin that are pretentious to an average speaker.

>> No.24626188
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24626188

>>24626080

>> No.24626244

>>24626021
cope

It's not a coincidence that ancaps are the worst traders on this board because markets don't move the way their dumbass theories say they should

>> No.24626344

>>24626244
there you go buddy you could've just said that you don't need to hide your shitty opinion behind a paragraph of pseudointellectual fluff

>> No.24626400

>>24626244
>It's not a coincidence that ancaps are the worst traders on this board
why is it i am absolutely positive you are pulling this fact out of your fudge packed asshole?

>> No.24626502

Argentinabro and I were talking about this a couple of weeks back
fuck keynesian jews
austrian economics are based
when you live in hyperinflation and have everything you worked for taken forcefully from you you begin to understand
fuck this

>> No.24626505

>>24626344
The fact that you don't know the different branches of, and uses for, economics really proves my point for me.

>> No.24626552
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24626552

>>24626505

>> No.24626610
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24626610

>>24624970

Because it's debunked by economic history.

Nations did not build wealth through free market economics, they did it through a mixed economic system. Protectionism, state planning, general regulation, mixed with a capitalist marker is a commonality amongst nations that have developed relatively rapidly. That is true for the US, South Korea, Japan, China, Singapore, etc.

I highly recommend the book; Bad Samaritans By Ha Joon Chang for an introduction.

Also, many tech innovations have been due to a mixture of the private sector and the public sector. Private sector investors do not generally invest without a return in 3-5 years, things like the internet took decades of investment. The first smartphone was a compilation of public sector technology.

The Entrepreneurial State By Marianna Mazzucato explains.
Despite writing all of that, I am pro-Agorism. I believe in a decentralized economic system empowering communities and individuals, but it is an experiment.

>> No.24626615
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24626615

>>24626552
>behavioral, computational, and calculational economics are buzzwords because I don't understand them

>> No.24626628

>>24625395
M8 if Davo has some ciggies and a schooey or two when he clocks off he's golden. Just wants a fair shake.

>> No.24626669

Also ancaps are retard faggots

>> No.24626678
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24626678

>>24624970

Forgot to add:

When Pincohet adopted Milton Friedman's Neoliberal (A form free Market) economic policies into Chile, the poverty rate literally doubled.

The poverty rate only came down after he was out of power, and the state began implementing social interventionist policies.

Based on everything Austrian Economists say, Chile's poverty rate should have dropped after they adopted free market policies.

>> No.24626684

>>24625774
Man what you are talking about, marginal utility, austrian economic cycle theory and subjective theory of value are all taken seriously in the academic discourse.

>> No.24626712

>>24626615
you didn't demonstrate an understanding or elaborate on anything you said you just started listing shit off and throwing in big words like a mongoloid and hoped that people would just assume you said something profound

>> No.24626763
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24626763

>>24626712
>naming things is using big words

>> No.24626783

>>24625718
I don't like him either but your larping is cringe

>> No.24626885

>>24626763
ok anon you have fun with your presuppositions axioms i'm gonna go presuppose my way into some PUSSY loser

>> No.24627099

>>24626885
ngmi

>> No.24627542

>>24624970
Because that doesnt benefit the"elite"

>> No.24627714
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24627714

>>24625655
>AnCom

>> No.24627738

>>24625655
grow up

>> No.24628162

>>24624970
too many people heavily invested in the current system and they don't want to be wrong

pretty simple really