now the austrian school only has any real say in the political ideologies of libertarians, or minarchists/ancaps

so that school of thought isnt what influences modern economic structuring

(and policy)

the school with the most influence is the neoclassical one, out of which the new keynesians spawned

`Former American Federal Reserve Chairman Alan Greenspan said that the founders of the Austrian School "reached far into the future from when most of them practiced and have had a profound and, in my judgment, probably an irreversible effect on how most mainstream economists think in this country".`

yep austrian value theory 100 years ago had influence

some of their business cycle stuff too

alan greenspan

former chair of the federal reserve

dude stop quoting shit ive been aware of for years

ill take his opinion over yours

hes talking about value theory

and business cycles

austrians have done jackshit for decades

wtf is going on

green denying reality and being a cunt about it as per

just some stuff about economics

theres no denial of reality. austrians influenced neoclassicals 80-100 years ago

the foundations of neoclassical theory relies in some austrian ideas

@chuckayy as per what?

theyve ceased providing relevant argumentation

because they refused to use mathematical modelling

usual

it kinda sucks to have an uneducated man interjecting

i thought so

hang on what

i literally shared a quote with a former chair of the federal reserve

yes and you dont understand what he even meant

are you calling yourself more educated in economics than greenspan?

@Deleted User i dont think i interjected?

* @Green Syndicalism

using education as a shield is that a thing now

@Deleted User im talking about chuck

im more educated in some aspects than him yes

hes a 92 year old man

hes behind the times

and hes an expert in dumb economics

@Green Syndicalism he's wiser

well what i was building up to was

What the fuck did I tell you

Chuck is 92