The Chicago School of Milton Friedman and the Austrian School of Ludwig von Mises and F.A. Hayek differ in important ways, and although individuals from both schools have made important contributions to the free society, it’s important that we recognize these differences and choose accordingly.
Related Episodes
Ep. 589 Milton Friedman: Assessment and Critique, with Walter Block
Ep. 45 Contra Krugman LIVE: Are We Just Like Milton Friedman? Where Austria and Chicago Differ (Contra Krugman)
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Read the original article at TomWoods.com. https://tomwoods.com/ep-1879-free-market-economists-arent-all-the-same-how-the-chicago-and-austrian-schools-differ/
Thomas E. Woods, Jr., is the 2019 winner of the Hayek Lifetime Achievement Award from the Austrian Economics Center in Vienna. He is a senior fellow of the Mises Institute and host of The Tom Woods Show, which releases a new episode every weekday. Visit https://tomwoods.com