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Peter Schiff
Born (1963-03-23) March 23, 1963 (age 61)
CitizenshipUnited States
EducationFinance and Accounting
Alma materHaas School of Business, B.B.A. 1987[1]
OccupationInvestment Dealer
EmployerEuro Pacific Capital
Known forLibertarian Commentary
Notable workCrash Proof 2.0 The Real Crash: America’s Coming Bankruptcy – How to Save Yourself and Your Country
Opponent(s)John Maynard Keynes,[2] Alan Greenspan,[3]Ben Bernanke, [4]Paul Krugman,[5]
Websitehttp://www.europac.net




Mainstream economists are generally critical of the Austrian School and consider its methodology and conclusions (which they term "heterodox") to be outside of mainstream economic theory.[6][7][8][9] Austrian economists, in turn, are critical of much mainstream economic doctrine and methodology, although many theories developed by early Austrian economists have been absorbed into mainstream economics. Among the Austrian contributions that have long influenced mainstream economic thinking are the subjective theory of value, marginalism in price theory, and its formulation of the economic calculation problem.[10] Although the Austrian School has been considered heterodox since the late 1930s, nevertheless it began to attract renewed academic and public interest starting in the 1970s.[11]


Among the contributions of the Austrian School that have influenced mainstream economic thinking are the subjective theory of value, marginalism in price theory, and the Austrian formulation of the economic calculation problem.[12] Nevertheless economists are generally critical of the current-day Austrian School and consider its methodology and conclusions in other areas, for example its rejection of econometrics and other tools of aggregate macroeconomic analysis, to be outside of mainstream economic theory, or "heterodox." [6][7][13][9] Although the Austrian School had been considered heterodox since the late 1930s, it nevertheless began to attract renewed academic and public interest starting in the 1970s.[11]



SPECIFICO talk 23:20, 23 January 2013 (UTC)


Murray N. Rothbard
Rothbard c. 1994
Born(1926-03-02)March 2, 1926
Bronx, New York, U.S.
DiedJanuary 7, 1995(1995-01-07) (aged 68)
New York City, New York, U.S.
NationalityAmerican
CitizenshipUSA
EducationPh.D economics
Alma materColumbia University
Occupation(s)Writer, teacher.
Employer(s)Brooklyn Polytechnic Institute, University of Nevada, Las Vegas
Organizationvon Mises Institute
Known forAnarcho-capitalism, Historical revisionism, Austrian economics (Misean)
Notable workMan Economy and State, For a New Liberty: The Libertarian Manifesto
StyleControversialist[14]
MovementFounder of right-wing anarchism[15]
SpouseJoAnn Schumacher
Parent(s)David and Rae Rothbard


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    SPECIFICO talk

    1. ^ Cite error: The named reference official was invoked but never defined (see the help page).
    2. ^ Crash Proof 2.0, pg. 73
    3. ^ Cite error: The named reference crashproof was invoked but never defined (see the help page).
    4. ^ Crash Proof 2.0, pgs. 117-118
    5. ^ Peter Schiff (March 16, 2010). Dollar, Paul Krugman (Flash) (Video Blog). Schiff Report. Retrieved 2010-04-19.
    6. ^ a b Boettke, Peter. "Is Austrian Economics Heterodox Economics?". The Austrian Economists. Archived from the original on 28 March 2009. Retrieved 2009-02-13.
    7. ^ a b Boettke, Peter J. (2003). "28A: The Austrian School of Economics 1950-2000". In Warren Samuels, Jeff E. Biddle, and John B. Davis (ed.). A Companion to the History of Economic Thought. Blackwell Publishing. pp. 446–452. ISBN 978-0-631-22573-7. {{cite book}}: Unknown parameter |coauthors= ignored (|author= suggested) (help)CS1 maint: multiple names: editors list (link)
    8. ^ "Heterodox economics: Marginal revolutionaries". The Economist. December 31, 2011. Retrieved February 22, 2012.
    9. ^ a b Caplan, Bryan. "Why I Am Not an Austrian Economist". George Mason University. Retrieved 2008-07-04. More than anything else, what prevents Austrians from getting more publications in mainstream journals is that their papers rarely use mathematics or econometrics, research tools that Austrians reject on principle...Mises and Rothbard however err when they say that economic history can only illustrate economic theory. In particular, empirical evidence is often necessary to determine whether a theoretical factor is quantitatively significant...Austrians reject econometrics on principle because economic theory is true a priori, so statistics or historical study cannot "test" theory.
    10. ^ Birner, Jack; van Zijp, Rudy (1994). Hayek, Co-ordination and Evolution: His Legacy in Philosophy, Politics, Economics and the History of Ideas. London, New York: Routledge. p. 94. ISBN 978-0-415-09397-2. {{cite book}}: Unknown parameter |month= ignored (help)
    11. ^ a b Meijer, G. (1995). New Perspectives on Austrian Economics. New York: Routledge. ISBN 978-0-415-12283-2.
    12. ^ Birner, Jack; van Zijp, Rudy (1994). Hayek, Co-ordination and Evolution: His Legacy in Philosophy, Politics, Economics and the History of Ideas. London, New York: Routledge. p. 94. ISBN 978-0-415-09397-2. {{cite book}}: Unknown parameter |month= ignored (help)
    13. ^ "Heterodox economics: Marginal revolutionaries". The Economist. December 31, 2011. Retrieved February 22, 2012.
    14. ^ Justin Raimondo, An Enemy of the State, Prometheus Books, 2000, [21], ISBN 1615922393, 9781615922390
    15. ^ David Stout, Obituary: Murray N. Rothbard, Economist And Free-Market Exponent, 68, The New York Times, January 11, 1995.
    16. ^ Rothbard, Murray N. (August 17, 2007). "Floyd Arthur 'Baldy' Harper, RIP". Mises Daily. Ludwig von Mises Institute. First published in The Libertarian Forum, May, 1973
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