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For those seeking a change in name from the Austrian School of Economics.

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Daniel Posted: Fri, Oct 23 2009 3:57 PM

How about the Spanish School of Economics? Or, in Spanish, La Escuela de Economia Española?

See this for the reasoning: http://blog.mises.org/archives/010900.asp

Here is the relevant quote:

"He concluded this section with the claim that the Austrian School is truly, and at its roots, the Spanish School. He then reversed the positive judgment of Klein to provide a passionate denunciation of the British classical school and Adam Smith in particular for setting back economics hundreds of years with the labor theory of value and other issues.

De Soto thrilled the audience with a short disquisition on the work of Jamie Balmez was a Spanish thinker of the mid 19th century, who beat Carl Menger in time in resurrecting the subjective theory of value, giving a very clear discussion of utility. He did not say that but it was an interesting observation that perhaps even in modern times (19th century) the Austrian School should be called the Spanish School."

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xahrx replied on Fri, Oct 23 2009 4:04 PM

If you're going to change it, make it catchy and worth something.  Call it The Correct School of Economics.  Rhetorically that's just a gimme we shouldn't pass up if we're going for a change anyway.

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Lilburne replied on Fri, Oct 23 2009 4:07 PM

I'm not in favor of a name change, but I think one that would be fitting would be the "Continental School" (per Rothbard's usage in "Austrian Perspective"), thereby distinguishing it from Manchesterism and including such great pre-Austrians as the Spanish scholastics, Turgot, Say, and Bastiat.

Of course Marx and von Schmoller were "continental" as well, so that would be an issue...

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Using the moniker "Continental School" would probably cause even more confusion, since Continental Philosophy is about as far removed from Austrian thought as can be...we wouldn't want people to think that "our" Continental School was in any way linked Jacques Derrida now would we?   Indifferent

 

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"The Praxeological School (of Economics)"  or "The Causal-Realist School of Economics"

maybe get away from the geography to content?

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The Logical School?

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Daniel replied on Fri, Oct 23 2009 7:32 PM

I remember either Rothbard or Salerno referring to himself as something a long the lines of "subjective (something) (something) economist."

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abskebabs replied on Fri, Oct 23 2009 8:11 PM

IrishLiberal:

The Logical School?

I like this one, since while it is not as accurate as "The Praxeological School", it is close enough to the true nature of the school and gives a good indication of its subject matter, while being quite snappy. It's much better in that regard than "causal-realistic" too.

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Well why not call it the French school since there were people like Turgot and Condillac who were essentially proto-Austrians. I know Ralph Raico would take a liking to that name.

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Esuric replied on Fri, Oct 23 2009 10:31 PM

Mengerian economics?

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Conza88 replied on Fri, Oct 23 2009 11:54 PM

If it was to change, ideally.

Geographical location = out.

Person, like Keyesianism results in deification = out.

Methodology is what separates the Austrian School from all others.

 

"The Logical School of Economics" - Logical Economics

"The Praxeological School of Economics" - Praxeological Economics

As was suggested above. Both good starts. TBH, I don't think there is much of a point in changing.. it's not that hard to realise the School of Thought has not much to do with Austria the country, bar the founders were from there.

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Sage replied on Sat, Oct 24 2009 12:11 AM

Following Milton Friedman's good/bad distinction, we could be called The Good School of Economics.

Also, I recall that Jeffrey Friedman once suggested over at The Austrian Economists blog the term "epistemological economics."

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DBratton replied on Sat, Oct 24 2009 12:58 AM

I suppose you could split the difference between Spanish and Austrian and just call it the Hapsburg School.

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I am not part of the Austrian School, but I don't even think there is such a thing as THE Austrian School;  if they all have something in common it is the base that was supplied by Menger. I consider those at the Mises Institute to be practicing Rothbardian Economics and those at GMU to be practicing Hayekian Economics or Kirznerian Economics.

If someone put a gun to my head and made me give a name to the school I belong to, I would probably say Neo-Hayekian Economics (but even this doesn't quite capture it).

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Snowflake replied on Sat, Oct 24 2009 7:20 AM

Conza88:
it's not that hard to realise the School of Thought has not much to do with Austria the country
Keep it the Austrian School. It is too funny when someone tries to debunk it by talking about the country!

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Daniel replied on Sat, Oct 24 2009 11:33 AM

I like the "Praxeological School." 

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Who cares about the economy of Austria anyways?

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Saan replied on Sat, Oct 24 2009 11:45 AM

I do. Austria is cool.

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