MB Civic

Andrew Leonard in Salon ..

There’s a lockdown on the Wikipedia page for Austrian economics and wouldn’t you know it, one or way or another, it all seems to be Paul Krugman’s fault. Broadly speaking, Austrian economics[] are characterized by an extreme distrust of state intervention in markets, a distaste for statistical modeling and a general confidence that markets, left to their own devices, will avoid booms and busts and nasty things like inflation. From a political perspective, Austrian economics tends to lurk to the right of even such conservative icons as Milton Friedman .. Two factions were repeatedly deleting and replacing a section of text that had to do with a description of a critique of Austrian economics made by Krugman .. it is amusing that Krugman, a man whose Nobel award [] was lambasted by one Austrian school acolyte as “the worst decision in the history of the prize”[] is indirectly responsible for a Wikipedia Austrian meltdown

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