/biz/ - Business & Finance

>>16351355
There were Austrian economics before there was Soviet Union.

>>16350286
Post it on /wsg/

>>16349633
>Keynesian economics is the predominant theory today
It isn't. 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.

>>16351294
I am not informed about the particularities of this case but it looks like it was in part an actual organic recovery and growth after the depression but with higher growth than it would have otherwise as a result of fractional reserve banking, lower inflation rates or any other kind of cheap money scheme, term transformation or any combination of those. Massive infrastructure projects are usually a good indication of this. It's like eating all the food in the fridge, the indicators of food ingested will rise sharply until you suddenly realise there's nothing more left and you have no food to eat for the weekend. That's why in some wars GDP also increases.
I would rather take Germany after the war if I wanted an example of prosperous and sustainable growth.