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RE: The Irony of Rothbard: A Critique of Austrian Economics

in #economics6 years ago

I agree that the so-called regression theory is historically incorrect. One could say that anthropologists sometimes (often?) know more about the origins of money than economists. The theories of the Austrian School do seem to have a kind of intellectual sex-appeal. Even Satoshi Nakamoto, the creator of Bitcoin, writes at some length about the regression theory as though it was an established fact. Btw, if you liked this article, you may enjoy reading http://www.newmoneyhub.com/www/money/index.html

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