I posted in fail quotes a response I got from a person I'm debating with and he put this in as something to read to support his argument and wow....just...wow.
Source (http://econfaculty.gmu.edu/bcaplan/whyaust.htm)
I'd post the whole thing here, but we'd be here all day.
"Wow" is right.
"(a) The effort to rebuild economics along foundations substantially different from those of modern neoclassical economics fails."
You mean, the neoclassical economics that gave us the tech bubble, the housing bubble, the current trillions of dollars of stimulus and high unemployment and cost of living rates? We seem to be using different definitions of the word "fails" here.
"(b) Austrian economists have often misunderstood modern neoclassical economics, causing them to overstate their differences with it."
So, it's less valid than neoclassical economics because it's more like it? Huh?
I don't think I need to read any more.