• SCB@lemmy.world
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    1 year ago

    My friend who is an economist, when I asked him about economic schools of thought

    There are no longer schools of thought (e.g. “Austrian school economist”). Their debates have been settled. Now there is simply orthodoxy and fringe economics.

    If you don’t know things, maybe just ask questions.

    • Viking_Hippie@lemmy.world
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      1 year ago

      Like many economists, your friend is full of shit.

      It sounds like he’s probably a Keynesian who thinks that it’s the one true economics and as a result every other school of thought is illegitimate fringe economics.

      Sounds like something a Keynesian or one of those Austrian School nutjobs would do.

      As a side note, “Their debates have been settled. Now there is simply orthodoxy and fringe” absolutely takes the 2023 Dunning Kruger Award and would have regardless of which field you were talking about.

      • SCB@lemmy.world
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        1 year ago

        “this literal economist says my beliefs are fringe so clearly he’s full of shit”

        Lmao dude you can just be fringe it’s ok

        • Viking_Hippie@lemmy.world
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          1 year ago

          First of all, being a literal economist doesn’t preclude him from being a literal idiot talking out his ass.

          For example, Milton Friedman is a Nobel price winning economist and has been so wrong so many times that he’s probably caused more deaths and economic destruction than most wars.

          Ironically, dividing all schools of thought with regards of one of the most hotly debated subjects in the history of humanity into only orthodoxy and fringe is the kind of thing that would be the fringe of the fringe within RELIGION, let alone any academic subject.