http://www.mises.org/quiz.asp?QuizID=5

Cool quiz from the Ludwig Von Mises institute that serves to determine if you are a Chicagoan, Austrian, Keynesian, or Socialist economist (Supply-side isn't included). Sifting through the clumsily worded options can be a pain, but it's a very good quiz if you can.

I got a score of 95/100 Austrian. I chose the Chicago answer for question #3, and the Austrian answer for the rest of the questions.

I am 18/100 Austrian.
You do know that Hilter is from Austria?

I am not surprised with your two sentences. As for the 18/100, that is probably about right for you TQ.

Also, did you know that Joseph Haydn was also from Astria as well? So what difference does your example, or mine, have to do with economics?

Neoclassical isnt included. So I wont take the quiz.

66/100

5x Austrian, 2x Chicago, 3x Keynesian/Neoclassical, 0x Socialist

Probably not what you expected John

It's well worth taking. Actually the Austrain and Classical category have the same points here. You will fit in perfectly.

And no, I am not all that surprised at your score Pepe. You could certainly do much better, however.

The Austrian answers are neoclassical

What did you get, John?

My score appeared rather evenly diverse and less concentrated in any one particular school of political and or economic thought.

I wonder how few people and or nations, in practice, adopt this form of thought in real life practices?

Score

58/100

Austrian (non-classical) 3X10 (30)

Chicago 4 X5 (20)

Keynesian/ neoclassic 4 x 2 (8)

Socialist (0)

I was curious at what they meant by, “are you an Austrian.” Which according to The Ludwig von Mises Institute is bound to the ideals set forth based on classical liberalism, libertarian political theory, and the Austrian School of economics.

The Idea of Austrian Economics and the under pinnings of Libertarian political theory were primarily breed by Ludwig von Mises conclusion that the only viable economic policy for the human race was a policy of unrestricted laissez-faire, of free markets and the unhampered exercise of the right of private property, with government strictly limited to the defense of person and property within its territorial area. He essentially integrated “macroeconomics” into “microeconomics.”

I wonder where in the world this form of politics and economics are actually practiced, if anywhere at all? Any Ideas?

That presupposes that there is a right answer to the questions, there isn't, there's only the answers that best fits your economic perspective.
So from my perspective, and speculating that your score might be closer to 10x Austrian, I would of course suggest that you could "do much better".

-Well Pepe, according to them I am 100% Austrian. However, that is not entirely accurate, as I am somewhere between them and the Supply-Siders. And they are not on the list, as finding all that many differences would be difficult, but certainly not impossible. I know of several basic ones, but over-all they are only branches of the same Classical economics tree.


-Ben the answer to question #3 is obvious, if you had read more von Mises. One of his most influencial works was "Human Action", and the Austrian answer states, " Human action is characterized by intentional behavior, which involves the rational use of means to achieve desired ends." This was taken almost verbadum from von Mises, and gives it away, even if you are speed reading.

My biggest complaint with the Misis Institute is that they do a magnificant job of touting vonMisis, and Rothbard, yet give only short shrift to von Hayek. In my opinion, von Hayek was every bit as influencial, if not more so, than the others. Of course, that is just my opinion, and you probably agree with me here. After all we both have used his "Why I Am Not A Conservative" essay, which appears in "The Constitution Of Liberty".

The Austrian method, in question #3, is demonstrated by history to have completely failed at actually getting anything done, pragmatically speaking, and for a long time led to the utter alienation of Austrian economics. Where Austrian economics have made headway, they have made headway by using data to support their convictions, they very thing that supposedly they detest.

If one hopes to actually get things done, one must be pragmatic. And one will not convince anybody of any economic theory without some hard and fast data to back it up.

okay I took the quiz. I got 70/100

With 4 austrian responses and and 6 chicago responses.



This sounds about right then.



The Chicago answers seemed more neoclassical than the Austrian ones.

Which Chicago ones are you referring to? If you give them, I will try to address the differences when I return from going home over the weekend.

Some of Austrian answers seemed Neoclassical and some of the Chicago answers seemed Neoclassical. Which makes sense because Neoclassical is a mix of many schools. This quiz groups Neoclassical with Keynesian which I think have the least in common with each other.

The difference in Chicago v Neoclassical comes from the Chicago view of the money supply and the role of the central bank(which I don't subscribe to). The difference in Austrian and Neoclassical coming from the idea that Austrian seems philosophical and Neoclassical has more of a mathmatical foundation.