[ame="http://www.youtube.com/watch?v=iZlyuOo-L_Q"]Jim Rogers on Libertarianism and Austrian Economics - YouTube[/ame]
No wonder the economic Western world is so screwed up...they embraced Keynesianism for a couple generations.
Keynesianism has ensured the reproduction of capitalist profit. The Austrian school is a marginal school with very little to offer. Hayek has some useful comment for firm organisation theory, but overall its only about demonstrating the need to overhaul orthodox economics and ensure, to explain economic outcome, institutionalism is at the heart of economic analysis
