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CHICAGO vs. AUSTRIA DEATHMATCH!!

I reserve the right to be wrong.



David D. Friedman and Robert P. Murphy debate the efficacy of the Chicago vs. Austrian schools of economics.

I sympathise with the Austrian School and not the Chicago one. There is an exception, though, namely Public Choice Theory. This Chicago School theory takes in the study of rent-seeking in the public sector, as opposed to the usual point of economics, which tends to study the profit-seeking behaviour of people in the private sector, and doesn't really study government in detail.

But that's another story.



On the next Ecomony Blogtime; why can't fusion reactors consist of solar panels facing inwards toward the plasma? Is that not a way to produce electricity that can be stored or sold onto the grid?

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What Lingos Are Most Similar to English, Though?

Will Automation Make All of the Jobs Disappear?

... No.

There is no reason to suggest that automation will dramatically increase unemployment in the short term, or at all in the long term.

Seriously, it will not.

Do read the links in the order in which they appear please. Finding the right comments in the third link might be quite interesting. They are all by a user called BestTrousers and start with "RI" meaning R1.

The main argument used by HealthcareEconomist3 is to give a survey of several works, while BestTrousers goes for comparative advantage.