From the wikipedia structuralism page
"Structuralism has had varying degrees of influence in the social sciences: a great deal in the field of sociology, hardly any in economics"
This isn't completely true. In fact, there is a whole school of economic thought that fits right in with the new paradigm, The Austrian School.
Economics for me has been the last major area of the social sciences that I have needed to tackle. And so I'm glad that 9/11 is finally bringing me around to understanding it.
Boom and Bust Cycle
The article is highly biased towards Keynesian theory. It assumes the business cycle (as the boom and bust cycle is sometimes called) is caused by changes in the aggregate demand, barely acknowledging that the Austrians have an entirely different view.
"The Austrian School of economics suggests instead that the business cycle of boom and bust is avoidable but inevitable after monetary manipulations by a central banking authority."
It is this these sorts of ideas that I am most interested in right now, and again, I urge everyone to watch The Money Masters because it does so much to expand our understanding of things.
The theory put forth in The Money Masters is that the boom and bust cycle is artifically created through privately owned central banks for the purposes of enriching the elites. And given the amount of context and historical examples put forth in the movie, they make a very compelling case.
Murray Rothbard
The Creature from Jekyll Island
I just ordered this today.
The History of Money and Banking in the United States
America's Great Depression
Question: Is the Federal Reserve a privately owned bank, or a public instition?
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment