Tuesday, November 22, 2011
The universities in Europe are strongly biased towards the Austrian School of Economics
Dr Marc Faber visited recently the Faculty of Economics at the university of Zurich from where he graduated and he talked about his memories and how it was at this university that he got influenced by the Austrian School of Economics thinking : The professors we had were really world class ...I have learned how to write about something you do not know anything about , starting with a paper with no knowledge we have to go ans get knowledge to collect the information and then to write the paper , secondly I think I had some professor that influenced me in my thinking , because in America you have more the American school of economics whereas here in Europe particularly in Zurich we had strong biased towards the Austrian School of Economics that has influenced my thinking greatly ....Click Here to watch the full Interview >>>>
Subscribe to:
Post Comments (Atom)
LinkWithin
This headline simply WRONG!
ReplyDeleteThe vast majority of the european universities are nowadays teaching Neoclassics & Keynesian crap. Economics!
I know becuase I study economics in Vienna.
The interview with Marc Faber is great btw, I love Zurich, too!
The meltdown of 2008 is a clear indication that the hypotheticals of the economic schools have failed. This failure is clearly tied to the duality that exists between economics and science. As long as macro-economists believe that these concerns are mutually exclusive then their models are certain to provide disastrous outcomes. There are no dispensations provided for physical and mathematical laws; they are simply not negotiable. Period.
ReplyDeleteIn the last analysis, a complete overhaul of these models is not just required, but it is absolutely necessary if a sustainable framework for human activity is to be achieved. Otherwise the prospects for the species are dim.
Here in Italy, they prefer to teach you Marxist Economics..
ReplyDelete