Ron Paul doesn’t deserve the label “Austrian”

Matt Yglesias: What Is Austrian Economics, and Why Is Ron Paul Obsessed With It?

I don’t think Paul even deserves the label “Austrian.” Austrian economics, as Yglesias notes, had some useful & important insights. Instead, I would call Paul a Misesian–that is, an rabid know-nothing; the economic equivalent of the young-earth creationists who pass themselves off as biologists.

That, or we could just call him wrong. That would be accurate, too.


About Joe Colucci

From Michigan, now in Boston via DC and NYC. BA in Economics from NYU. A geek and a nerd, of the type that thinks there's a meaningful difference between the two. Avid fan of good TV, good argument, good beer, good food. I work at the Lown Institute on reforming the health care delivery system, and I blog on anything else that strikes my fancy at Obviously, anything that I post on Twitter or Wordpress is my own rambling, and is not endorsed by any employee, colleague, or acquaintance, past, present, or future. View all posts by Joe Colucci

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