[americanjetset]

I have no idea. I'm not an Austrian, but I can tell you that stating they are "nonexistent" in modern academia is just wrong.

Go look up Peter Boettke at George Mason -- he is a current, publishing Austrian Economist (he gave a talk at my uni).

[Mikeb85]

Lol. Non-existent as in they don't produce any important studies, hardly get cited, and don't influence mainstream economics. Apart from academia, they're non existent in industry or in government. The fact a few exist in universities doesn't make them relevant.

[naravara]

>Apart from academia, they're non existent in industry or in government.

As a point of order. They're non-existent in the parts of government that actually do economist work, but the political appointee positions are lousy with them.

And boy do they punch above their weight in the financial press, chambers of commerce, think-tank circuit, etc.

In other words, Austrians do very well in any place that's sustained through the largesse of plutocrats and political donors. I wonder why. . .

I also wish their school of thought had an adjectival form that didn't make it sound like I'm slandering an entire nationality. Some of my best friends are Austrians! But they're mostly leftists. . .

[Mikeb85]

> financial press, chambers of commerce, think-tank circuit, etc.

Where? It seems most of the economists in these circles ascribe to the Friedman/Chicago school of thought.

> But they're mostly leftists. . .

Even though Austrian economics is associated with the right wing, right wing economists by and large have nothing to do with the Austrian school.

Friedman, Greenspan, Mankiw, Laffer et al are certainly not Austrians.