Comparing Different Schools of Economics

That Is what the blogpost link I found does.

Joe Brewer introduced me to Evonomics due to his post here. My summary is that it is natural science economics despite economics being a social science like anthropology, philosophy, political science, psychology, etc. He says he favors non-ideological holistic thinking over dualistic ideology, but all his posts so far have advanced and advocated Marxist theory. His summary of mainstream economics is things I share as a fellow fan of heterodox economics, but that’s the only thing we share. Our schools of heterodox economics are at opposite ends of the spectrum. I find Evonomics to fail at the promises it makes as well as its claim of being better than mainstream economics. His most recent post has shown his embrace of Orthodox Marxism and it primitive society, slave society, feudalism, capitalism, socialism, communism stage theory. Any anti-communist knows how false such an analysis is.

Schools of Economics

  • Name of school of economics
  • The economy is made up of…
  • Individuals are…
  • The world is…
  • The most important domain of the economy is…
  • Economies change through…
  • Policy reccomendations

The above is the way the chart compares and contrasts schools of economics. Evonomics, by my reading of articles written by several evonomists, is basically a Marxism for the twenty-first century by recycling Marxism with a evolution and natural science based arguments. It basically tries to resurrect Marxism without calling it Marxism, but calling it science. Natural sciences and social sciences are different. This is ignored in the name of ignoring social science and applying natural science to humans despite humans being different from all other species in various ways, shapes, and forms.

I’ve read the Ludwig von Mises Institute Daily posts on a regular basis, so I’m pretty familiar with it as my preferred school of economics. The Ingenious One. Optimistic Skeptic. Eliza Winter. what do you think of a school of economics? Classical? Neoclassical? Austrian? Other?

Austrian School

  • The economy is made up of individuals.
  • Individuals are selfish but layered (rational only because of an unquestioning acceptance of tradition).
  • The world is complex and uncertain.
  • The most important domain of the economy is exchange.
  • Economies change through individual choices, but rooted in tradition.
  • Policy reccomendations: free market

I may do the whole analysis of each school via editing later, but I only wanted to do it with my school on the chart. Also, I’ve criticized each and every other school of economics from an Austrian perspective years in the past. I’ll have to dig up some of my really old past research. It’s not here as I have only been on Medium for a month.

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