/liberty/ - Liberty

>>57564

I can't remember if it was Bob Murphy or Tom Woods, but one of them said that the main difference between the two schools is how they view government. The Chicago School, views government as being filled with goodhearted, idiotic people, who if only were taught of the virtues of free market, would gladly stay out of the market. The Austrian School, views government as being filled with evil, child eating rapists, that want to enslave and steal from everyone else.

>>57564

I kinda get a similar take way from this article.

https://www.mises.org/library/chicago-school-versus-austrian-school

>>57564

>>57565

So both rabid capitalists until it is time to sit at the negotiating table with the State?

>>57563

They have differences on both levels.

>>57567

No, not really. Chicago school thinks it needs the State as a tool to regulate. Being against minimum wage is far from sufficient to make you a radical free marketer.

>>57599

Is Sowell still considered part of the Chicago school? He always struck me as being adamantly against regulations.

>>57600

He studied in Chicago and follows their doctrine.

>>57599

Chicago school is free market except with a central bank instead of market created solutions.

David Friedman (Chicago) versus Bob Murphy (Austrian) debate.

>>57619

>Friedman rambling about the possible, still completely hypothetical, real existence of square triangles somewhere in the unknown as if it's a serious argument about anything

Absolutely unethical

>>57619

>suddenly Friedman brings up World of Warcraft

I don't know what to say.

>>57624

That his boner for real world simulation and econometrics is raging. He's not about that human action.

>>57618

>except with a central bank

So it's not. We're not talking about a voluntary central banking institution, because they aren't either.

>>57617

I look at the Chicago school like an intro to capitalism while the Austrian school is a further expounding of it. Friedman's Free to Choose and Sowell's Basic Economics help to explain things on a basic, easy to understand level for the the layman. At least from my experience I tend to direct people to Sowell and Friedman videos first, for those that have misconceptions on capitalism.

>>57627

Stop fucking around and just post it already, anon.

This isn't actually Michael Moore, but it could just as well be.

>>57620

Honestly, it was pure fucking semantics too. Murphy wasn't even saying that the interior angles of all triangles on any surface adds up to 180, and I'm almost certain (unless Friedman is autistic) that he knew what he meant.

>>57563

I don't watch a lot of e-celebs but this video by the Academic Agent was pretty good at examining the difference and similarities between the two schools. For instance he explains that there is quite a bit of crossover between the Chicago school and the Hayek branch of the Austrian school.

>>61187

That was really shallow on all sides. The only good thing it did was name the key figures well enough.

>>57627

How does Basic Economics compare with Economics in One Lesson?

>>61195

I agree that there was some depth lacking on specific issues, but with time contraints for the video it is understandable. I didn't like the approach he took with the Mises branch of the Austrian school, his bias as a statist was very apparent there.

Wait, hold the phone. So what exactly is David Friedman? In this interview he is referred to as an Ancap, and his book The Machinery of Freedom, which I haven't read yet, is his manifesto of anarcho-capitalism. However, he does not side generally with the Austrians and he explains some of his beef with Rothbard in this video. Is David a riddle wrapped in a mystery, inside an enigma? Also, can a Chicago perspective be ancap based, or is David on another plane of reality?

>>61246

He's trying to tie Consequentialism with Libertarianism and is a walking contradiction for doing so.

>>61246

My take is that his idea of anarchocapitalism is just as valid as that of Rothbard, even if it's wrong. Molinari was an ancap too, after all, and he didn't talk about the natural law either.

I've heard that Rothbard and Friedman had some serious beef, but I don't know what it was about.

>>61250

Who knew he was such as comedian?

>>61200

I haven't read Economics in One Lesson, however 'Basic Economics' by Thomas Sowell is showcasing that regulation, government price control and anti-trust laws cause a lot of problems.

His 'Basic Economics' really is just a frame-work piece to allow people to understand how economic systems work. He makes comparison to centralised economic systems as found in the USSR as a clear example. He goes into further details of economic principles with 'Applied Economics' and 'Economic Facts and Fallacies'.

His economic writings are also found in some of other books like 'Ethnic America', 'Economics of Race and Politics', 'Black Rednecks and White Liberals' (in disucssion of middle-men minorities), 'Intellectuals and Society' and so forth. He also goes into specifics economic issues such as his book 'Housing Boom and Bust' and talks further on the principle of the free market with 'Quest for Cosmic Justice'

You can actually find most of those books on the Pirate Bay as audio books.

Both are shit, marxism is really the only way to go

>>64721

/leftypol/ must be slow today huh?