quote:

Originally posted by Lews People have probably answered this already, but I have no idea how a SINGLE economics student is completely oblivious to them, let alone nearly every one you know.

To be fair, I just know a handful. But, yeah, that's precisely why I posted this thread.

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quote:

Originally posted by Lira To be fair, I just know a handful. But, yeah, that's precisely why I posted this thread.

Hayek is SLIGHTLY understandable, but only for someone who has taken maybe ONE class and didn't pay very much attention. Keynes is on the same level of Adam Smith.


Go slap your acquaintances for me, thanks.

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quote:

Originally posted by Lira Dear people who study about money more than you deal with it, I don't know much about your field of expertise, having read a book by Hayek, a Very Short Introduction to economics, and skimmed over Das Kapital until I freaked out and panicked because it was making my beard grow way too long and unkempt (found some fried egg on it later on though, score!). Anyway, being a complete outsider, there's something that I find intriguing: I hear about Hayek and Keynes all the time, yet nearly every single economics student I know is completely oblivious to their existence. What gives? I know there should be enough criticism against their ideas by now, but have they become outdated already?

mises.org

You'll find a lot of information and talk about them there. Of course, this site will lean a lot more towards the ideas of Hayek then Keynes.

quote:

Originally posted by Lira I know there should be enough criticism against their ideas by now, but have they become outdated already?

Although my education lies with the physical sciences, I work in and have great interest in macro-economics.... I'm aiming for my next professional qualification to be in this, bla, bla, bla...... this is irrelevant, but may justify me posting in this thread

... but aren't their pioneering principles still a foundation on which modern economic ideas are based?



I realise the question is rather vague, but I currently don't see how we've majorly diverted from what they originally put forward......or maybe I'm stupid.

I'm open to an educational beating.

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quote:

Originally posted by Acton ... but aren't their pioneering principles still a foundation on which modern economic ideas are based?

Keynes especially, yes. In fact, it's still a lot Keynesian material that's taught - not just theories developed from Keynes' work by others.

go check joseph schumpeter 'capitalism, socialism and democracy'. very famous book.

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^d00d was born the same year as keynes
which was the year karl marx died

i would be surprised if any student in political theory of economics hadn't at least heard the names mentioned. i know hayek won the nobel and everything but i never found that his stuff strayed too far outside philosophy (might have been reading the wrong stuff). i think keynes has had more influence in mainstream economics, though as somebody else mentioned, friedman was someone i would contrast with keynes before hayek.

hayek's philosophy was shit btw.

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quote:

Originally posted by pkcRAISTLIN i would be surprised if any student in political theory of economics hadn't at least heard the names mentioned. i know hayek won the nobel and everything but i never found that his stuff strayed too far outside philosophy (might have been reading the wrong stuff). i think keynes has had more influence in mainstream economics, though as somebody else mentioned, friedman was someone i would contrast with keynes before hayek. hayek's philosophy was shit btw.

I tend to read more praises than rebuttals to his work. I remember you're quite an anti-Hayek yourself, but I wonder if you could tell me what your criticism is against his ideas.

(I've got some of my own, but I'm not an economist or anything)

quote:

Originally posted by Meat187

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ohhhh, you silly guys and your silly brain things. *giggles like a girl*