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The Austrian School of Economics – a good theory with slim chances of becoming good policy

Show simple item record Pohoață, Ion Diaconașu, Delia Elena 2017-09-29T05:17:32Z 2017-09-29T05:17:32Z 2016-05-27
dc.identifier.isbn 978-9975-75-845-1 (PDF)
dc.description Publicat in: International Scientific Conference “Classical and Innovative Approaches in Contemporary Economic Thought: Considerations regarding the quality of life in the context of a changing Europe”, 2nd Edition (May 27, 2016) / Editorial Board: Elina BENEA-POPUȘOI [et al.]; Organisational Committee: Elina BENEA-POPUȘOI [et al.]. – Chisinau: ASEM 2016. – 176 p. ISBN 978-9975-75-844-4; ISBN 978-9975-75-845-1 (PDF) (pag. 33-39) en_US
dc.description.abstract The goal of this article is to prove that, starting with the Great Depression of 1929 – 1933 and up until today, the Austrian School of Economics has always positioned itself “against” the status-quo. In other words, the official economic policy did not build on its theoretical foundations. Considering this as our starting position, we attempt to prove that this was a bad course of action for the economic policy, as well as for the wellbeing of the individual. For the economic science, the fact that the Austrian School did not sign the pact with political compromise is a positive thing. In this context, we will present how the usual marriage between science and politics takes place by using the Keynesian example, and all the consequences that follow from such an affair. en_US
dc.language.iso en en_US
dc.publisher Editura ASEM en_US
dc.subject economic policy en_US
dc.subject Austrian School of Economics en_US
dc.subject economic growth en_US
dc.subject liberal values en_US
dc.subject rule of law en_US
dc.subject welfare state en_US
dc.subject fiscal tyranny en_US
dc.subject progressive taxation en_US
dc.title The Austrian School of Economics – a good theory with slim chances of becoming good policy en_US
dc.type Article en_US

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