Monday, December 29, 2014



Mark Thornton writes:

Here is an interesting table comparing 9 schools of economic thought. You can certainly quibble with some of the content, but it makes for a good "cheat sheet" for a history of economic thought class or a lecture on schools of economics. Interestingly, the Austrian school is the "middle of the road" of the table. The "Developmentalist" school appears to be the post-WWII name for Mercantilism. This would also justify its placement before the Austrian school if the table is supposed to be read in historical time from left to right.

Click here to view the table.

(Table via Ha-Joon Chang)

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