/liberty/ - Liberty

>>71651

Can't think of anyone worth your time. The German Historical school maybe? It'll be a complete waste of time, but it's there. Also, Marshal belongs in the Classical camp. He really isn't any more of an asshole than Smith, Ricardo and Malthus.

>>71651

Can you give me a run down about the Chicago School? Like what are the main differences between Austrian and Chicago?

The only person I really know from that school was Milton Friedman. I didn't really study economics in school I just read it recreationaly, mostly from the Austrian School so that's all I know about economics.

>>71688

Capital theory, macro in as much as it involves the State, some of them genuinely believe and want "perfect competition", which also comes with support of anti trust law. The way they use the "evenly rotating economy" is not how an Austrian would refer to it. Some of the Chicago crowd want to effectively "eliminate" profit and see it as a negative, and a flaw of the system. They somehow want to both have subjective value and at the same time everything to trade for exactly as much it cost to produce with the price being accurate. Some of them genuinely believe the welfare state, like the federal reserve is needed and can function properly. You'll hear some of them talk about maintaining a particular money velocity by means of government intervention. Not all of them want commodity currency as it gets in the way of the Fed.

Chicago school is pretty much low key SocDem.

Proudhon? :^)

>>71688

What anon above said. They're somewhere between the Keynesians and the Austrians, they want monetary control but not, like, too much, they acknowledge the public goods problem, and believe in the empiricist fad.