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by tootie 3102 days ago
No. Austrian economics has virtually zero support in mainstream academia or industry. You won't more than a handful of people who manage money for a living who think Austrian school is sensible. Keynesianism as Keynes wrote it is full of holes, but is the biggest contributor to modern economic thought. Good writeup on reddit a few years ago:

https://www.reddit.com/r/Economics/comments/ip2nb/know_your_...
2 comments
jeffbax 3102 days ago
This is a pretty shortsighted view of things. The various economic theories all have their insights and shortfalls… and there's no one theory to rule them all.

Recommended: Marginal Revolution's "Game of Theories" https://www.youtube.com/watch?v=cYNVB5iqydk&list=PL-uRhZ_p-B...

To call Austrian economics as something with zero support in mainstream academia or industry is really just revealing your own biases more than anything.

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AznHisoka 3101 days ago
"a handful of people who manage money for a living "

Half of those people don't even perform better than an index fund, so let's not put them in some sort of pedestal...

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