5 votes

Austrian Economics at UCLA

I have some positive news today. I'm taking an upper division Macroeconomics class at UCLA, and the Professor is starting to get into some of the more divisive material. Today in class, he prefaced the beginning of the new section by saying that he will be teaching Keynesian theory because that is still the most popular theory. He said, however, that there are different schools of thought when it comes to this segment of macroeconomics. At the end, he showed the video Hayek vs Keynes Rap Battle and talked briefly about the Austrian School.

On a related note, our liberty club at UCLA was working on having an Austrian Economics class taught. I believe that we got approval, but the leaders of the club were working on that, and I'm sorry to say that I haven't followed up (I keep forgetting to ask). Anyways, I thought that this would cheer up many of you who are disgruntled by the public school and university system.

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St. Mary's College of California

St. Mary's is a liberal arts school, but I took Econ 101 there in 1973. We had two textbooks, one by Paul Samuelson, and one by Milton Friedman. I suppose the Samuelson text was Keynsian--but I honestly forgot most of it because it made no sense.

Milton Friedman, on the other hand, made total sense, and was clearly right, on the whole. Like Ron Paul, he had a great smile (on the back cover), that said he was a happy person, with confidence in the people; not a patronizing, puritanical, sour-puss who expects the worst.

Politicians and voters still believe in the magic wand of mandates, as if the laws of economics are ordinances, instead of being far more like the laws of physics.

I don't know if SMC still teaches both.

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