[chrismealy]

I'll pass judgment on Austrian economics: it's terrible. It's just tarted up right-wing politics. They start with the assumption that free markets are magic and from that they conclude that free markets are magic. Seriously, they're against empiricism. They assume they're right and don't bother to check their work. That's why as a research program it's never gone anywhere.

Austrians are just rightwingers who chose an economics to suit their politics. If people want to be rightwing that's fine. There's no reason to drag bad economics from the 1930s into it.