Sunday, December 03, 2006

Problems in the Structure of Production

It has come to my attention during my research that within Austrian theory, there is a number of different views with respect to capital and business cycle theory. In particular, there are significant differences between the Misesian and Hayekian analyses. Over the past few months, I have been building a paper that touches upon some of these problems present in Austrian capital theory, old and new. Within the Austrian school, there seems to be this shift away from economics and more towards political economy or even simply social theory. This, I can not stand for. I believe that business cycle theory is one of the most important subjects in economics and has many practical applications, unlike anarchist theory. I still hold that the Austrian school must revert towards a concentration in the fields of interest, capital, monetary, and business cycle theory.

1 comments:

Omatic said...

I'm glad to see that someone I know is using a blog to write intelligent things as opposed to just putting down emo stuff and "omg new pix of my place look plz!".

I'd post a proper response if I wasn't obliged to study for the Calc 2 exam comming up in about 8.5 hours.