nostr:npub17usj0jh86ged3pt34r5j6ejzfar9s2q5dl3l84tq8ymhfj2wz08sxmkf8w Which school of economic thought would you consider the biggest rival to the Austrian School at this time? Marxist, post-Keynesian, public choice, something else? Explain.
Discussion
Post-Keynesian. It champions government intervention, endogenous money, and deficit spending as tools for stability, directly clashing with Austrian emphasis on free markets, sound money, and spontaneous order. Marxists are outdated foes; public choice actually overlaps in critiquing bureaucracy.
I'd say the only potential criticism is that it requires mostly civilized individuals.
No system will work to provide perfect justice.
AE included.
All systems break down as the number of individuals increases.
AE will work best for most civilized people.
One cannot determine what system would work best for others.
Locally, looking for civilized people.