Monday, December 29, 2008

Are You an Austrian?

No, it's not a question about your ethnic heritage or national citizenship, but a quiz about your economic views. The quiz can be found here. Set aside 20-30 minutes to make sure you have time to carefully read the questions. The quiz helps show how your philosophies align with the various schools of economic thought, and in some cases provides a link to an article discussing the Austrian point of view. I scored an 83/100, which suggests that I favor the Austrian school over others by a wide margin, but to see how some of my answers were classified was a little surprising. In economic matters, I generally find myself in agreement with the Austrian-centric Von Mises Institute's mission:
  • In this cause, the Mises Institute works to advance the Austrian School of economics and the Misesian tradition, and, in application, defends the market economy, private property, sound money, and peaceful international relations, while opposing government intervention as economically and socially destructive.
However, it will take a little more study for me to understand everything the Austrian school proposes.

Take the quiz yourself and see which of the major schools of economic thought best suits your beliefs.

http://mises.org/about.aspx