Schools of Economic Thought Reply

The Wikipedia entry on the different schools of economic thought gives a pretty good overview of all of these different methods of economic analysis.

Many of the various hyphenated forms of anarchism and libertarianism involve sectarian differences between proponents of different economic theories and proposed alternative economic arrangements. That’s fine by itself. But anarchists need to abandon fanatical views of economic questions. Economics should be approached as a science through the use of empirical methodology. The core question concerning economic analysis should be, “What will be the result of this economic proposal and how will it impact the primary aim of economic activity: the meeting of human needs?”

 

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