I think as a true student of economics it is important to learn all schools of thought. The moment we start to think "myne and only my school is right" is exactly when the innovation stops. I always think critical examination is fine but we also need to highlight the merits of a school of thought and how we can benefit from using that thought process ..bringing it to life. Enuf said 😂
I heard that joke as an undergraduate 38 years ago...
Assume nobody heard it… 😊
I think as a true student of economics it is important to learn all schools of thought. The moment we start to think "myne and only my school is right" is exactly when the innovation stops. I always think critical examination is fine but we also need to highlight the merits of a school of thought and how we can benefit from using that thought process ..bringing it to life. Enuf said 😂
Them: The Phillips Curve is still there you just can't see it.
Me: Is the Phillips Curve in the room with us right now?
Wow- just stellar. Thank you.
Rationality when applied to oneself is always in the Austrian sense.
Props to Garrison!
The Austrian school is also full of nonsense. It assumes libertarian free markets as being the best approach. Like the can opener.