The Individual Posted April 19, 2010 Report Share Posted April 19, 2010 (edited) Ayn Rand was asked on her views on Austrian economics and her reply was "I think they are a school that has a great deal of truth and proper arguments to offer about capitalism...but I certainly don't agree with them in every detail, and particularly not in their alleged philosophical premises. They don't have any, actually. They attempt - von Mises particularly - to substitute economics for philosophy. That cannot be done." My question is: which particular details of Austrian economics did Ayn Rand disagree with? And so, how legitimate is the Austrian school? Edited April 19, 2010 by The Individual Quote Link to comment Share on other sites More sharing options...
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