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The Austrian School of Economics – a good theory with slim chances of becoming good policy

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cris.sourceIdoai:irek.ase.md:123456789/296
dc.creatorPohoață, Ion
dc.creatorDiaconașu, Delia Elena
dc.date2017-09-29T05:17:32Z
dc.date2017-09-29T05:17:32Z
dc.date2016-05-27
dc.date.accessioned2023-11-13T10:20:50Z
dc.date.available2023-11-13T10:20:50Z
dc.descriptionPublicat in: International Scientific Conference “Classical and Innovative Approaches in Contemporary Economic Thought: Considerations regarding the quality of life in the context of a changing Europe”, 2nd Edition (May 27, 2016) / Editorial Board: Elina BENEA-POPUȘOI [et al.]; Organisational Committee: Elina BENEA-POPUȘOI [et al.]. – Chisinau: ASEM 2016. – 176 p. ISBN 978-9975-75-844-4; ISBN 978-9975-75-845-1 (PDF) (pag. 33-39)
dc.descriptionThe goal of this article is to prove that, starting with the Great Depression of 1929 – 1933 and up until today, the Austrian School of Economics has always positioned itself “against” the status-quo. In other words, the official economic policy did not build on its theoretical foundations. Considering this as our starting position, we attempt to prove that this was a bad course of action for the economic policy, as well as for the wellbeing of the individual. For the economic science, the fact that the Austrian School did not sign the pact with political compromise is a positive thing. In this context, we will present how the usual marriage between science and politics takes place by using the Keynesian example, and all the consequences that follow from such an affair.
dc.formatapplication/pdf
dc.identifier978-9975-75-845-1 (PDF)
dc.identifierhttp://irek.ase.md:80/xmlui/handle/123456789/296
dc.identifier.urihttps://cris.ase.md/handle/123456789/3179
dc.languageen
dc.publisherEditura ASEM
dc.subjecteconomic policy
dc.subjectAustrian School of Economics
dc.subjecteconomic growth
dc.subjectliberal values
dc.subjectrule of law
dc.subjectwelfare state
dc.subjectfiscal tyranny
dc.subjectprogressive taxation
dc.titleThe Austrian School of Economics – a good theory with slim chances of becoming good policy
dc.typeArticle
dspace.entity.typePublication
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