1. AUSTRIAN ECONOMICS-THE ULTIMATE ACHIEVEMENT OF AN INTELLECTUAL JOURNEY.
- Author
-
SALIN, PASCAL
- Subjects
ECONOMICS ,GLOBAL Financial Crisis, 2008-2009 ,CAPITALISM ,STATE, The ,ECONOMISTS ,CONSUMERS ,CONSUMER behavior ,ECONOMIC systems - Abstract
The author comments on Austrian economics and the current global financial crisis while giving his profile. It is stated that, the mainstream economics are full of inconsistencies like, treating consumers and producers as two different persons with differing behaviors, and only Austrian economics is rigorously coherent. The author states that, before him there had never been an economist in his family, and he wanted to become an economist because he wanted to understand how large differences in the levels of development between countries were possible. The author states that, the current crisis is not a crisis of capitalism, but a crisis of state interventionism, and it is also a consequence of a mechanicist approach to economic problems.
- Published
- 2009