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Is Austrian economics Classical economics?
Is Austrian economics considered as a branch of classical economics? As far as I know, there are 3 primary economic schools: Classical, Keynesian, and Marxist. Some people say that it should be 4th separate school. Why is that?
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1 Reply
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Sorry, there is also a Monetarist or Chicago school, but the question remains. Should the Austrian school be considered as a part of the Classical school of economics? And also what is the difference between the Austrians and the neoclassical school?
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