/biz/ - Business & Finance

>>16353397
>>16353402
Milton Friedman was a Monetarist, not an Austrian.
>>16351529
>There are some Keynesian ideas that remain and were incorporated and some teachers who are still hardcore Keynesian but since the 70-80's it lost a lot of support.
Modern economic theories take a lot more from Keynesianism than they take from Austrian or Chicago schools of thought though. In economics courses the Austrian theory is only briefly mentioned, if at all, and most of the focus is on Keynesian models about when the government should increase or decrease spending and raise or lower taxes. Pretty much no one is saying the government should stay out of the economy, and in fact if you were to even suggest a thing to a real economist you'd be laughed out of the room.