Thus said Levi Pearson on Fri, 05 Dec 2008 21:17:18 MST: > The BYU economics department, by the way, is heavily influenced by the > Chicago school of economic thought. There are also quite a few real > economists out there who believe in it, while those of the Austrian > school are a bit harder to find outside of the Ron Paul bubble.
Friedrich A. Hayek was an Austrian and received a Nobel Prize in Economics for his economic theory of the business cycle, which he developed based on Ludwig von Mises' Austrian Business Cycle (ABC). Clearly, other economic schools of thought have more recognition. Also, with respect to belief... there were quite a few *real* economists who believed in the economics of Communism and Socialism until it imploded economically. :-) Andy -- [-----------[system uptime]--------------------------------------------] 12:30am up 4:01, 1 user, load average: 1.00, 1.00, 1.00 /* PLUG: http://plug.org, #utah on irc.freenode.net Unsubscribe: http://plug.org/mailman/options/plug Don't fear the penguin. */
