Economic School of Thought test

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Joined: 17 Dec 2005
Gender: Male
Posts: 13,157
Location: Omnipresent

17 Dec 2007, 12:34 am

Yes, I am bored and I see some politically and philosophically related tests on the forums already so I decided to add some more. This test is a test on one's economic thoughts.

Link

Quote:

Austrian American
0 Keynesian, 23 Chicago, 84 Austrian

You are an Austrian American. I call you this because you obviously scored highly in the "Austrian School", but you still lean somewhat toward the "Chicago School" approach as to how a free market society works best. Perhaps you like F. A. Hayek. Perhaps you are combining libertarian intuition with a college economic backgrounds. In any event, this is definitely a solid free market stance; however, you might want to look more into these schools of thought, and find out about your inner conflict

I like the idea of a natural rate of unemployment somewhat.

Cyanide
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Joined: 24 Sep 2006
Age: 37
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Posts: 2,003
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17 Dec 2007, 1:51 am

Your Score: Mixed Market
38 Keynesian, 15 Chicago, 38 Austrian
You have some knowledge of economics, but believe the freemarket is unstable and/or unfair. You would make a good economics bureaucrat in a stagnating social democracy somewhere. You aren't hostile to freedom, though, and likely just want to make sure the right, just, decisions are made. In addition, you have just enough of a twinge of the "Austrian School" that you likely see some economic freedom as necessary. You like a mixed market, you have a concern for equity, but you're no radical.

OrderAndChaos30
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Joined: 7 Apr 2007
Age: 49
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Location: Portland, OR

17 Dec 2007, 2:02 am

23 Keynesian, 7 Chicago, 38 Austrian

You have some knowledge of economics, but believe the freemarket is unstable and/or unfair. You would make a good economics bureaucrat in a stagnating social democracy somewhere. You aren't hostile to freedom, though, and likely just want to make sure the right, just, decisions are made. In addition, you have just enough of a twinge of the "Austrian School" that you likely see some economic freedom as necessary. You like a mixed market, you have a concern for equity, but you're no radical.

Odin
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Joined: 12 Oct 2006
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17 Dec 2007, 10:05 am

Quote:

Your Score: Free Keynesian

61 Keynesian, 38 Chicago, 7 Austrian

You are a Keynesian Economics student, but you also have a regard for fiscal conservatism. You should work to restore your faith in the free market, and come to understand the abstract economic laws that make the market interventionism you've acquired a taste for unnecessary.

Is that a hint of free market fundamentalist bias I detect? :lol:

Anyway, it describes my economic views fairly well, I'm a Keynesian economic interventionist with some monetarist sympathies. I like a regulated market economy with government control or partial control of vital industries like oil and centralized electrical generation (large coal and nuclear plants, etc), less vital and non-vital industries are regulated to promote competition (and thus innovation), prevent monopolies, and protect the interests of labor.

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Awesomelyglorious
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17 Dec 2007, 10:10 am

Odin wrote:

Is that a hint of free market fundamentalist bias I detect? :lol:

Yes, there is a bit of that here. I think that the author ends up being somewhat Austrian.

Quote:

Right and you and I will probably disagree on many economic issues given how strongly different our scores are. It wouldn't surprise me if this was deeply philosophically rooted given how different our methodologies are.

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