Posts Tagged ‘Keynesian School’
July 17th, 2010 at 8:21 pm
Economic Primer: Austrians v. Keynesians

For an easy-to-understand introduction (or refresher) on the two economic theories competing for the hearts and minds of Western government policymakers, check out the first two-thirds of this article from investment advisor Przemyslaw Radomski.

Though it might be tempting to think of Keynesians as big spending Democrats and Austrians as limited government (or none at all) Republicans, it’s better to think of Keynesians as economists who work in government and academia, while Austrians are economists who make their money betting against Keynesian policies.  After meeting several Austrian investment advisors at last week’s Freedom Fest convention, I can tell you that Austrians are making very good money in this recession.

I link, you decide.