Where I Learned All About Austrian Economics

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"Austrian economists reject empirical analysis, and instead believe that you can reach conclusions about correct economic policies from a priori principles. It's philosophy dressed up as economics."


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The key economic story of the last 70 years is the triumph of the mixed economy in growing both economic output and living standards. Only an anti-empirical approach to economics could lead to the conclusion that ideological libertarians want: that drastically small governments are better for the human condition than mid-size ones of the sort that exist throughout the advanced world.
Josh Barro, "Where I Learned All About Austrian EconomicsWhere I Learned All About Austrian Economics"