Economics Quiz: Are you an Austrian?

[koob]

My boyfriend found this quiz online. I found this to be a very well-written quiz that tests what school of economic thinking to which you belong.

http://mises.org/quiz.asp?QuizID=4

 

[Kludge]

I took it a fair while ago... Almost entirely Austrian with a little Chicago thrown in

 

[JRegs85]

Good quiz, it takes forever to read though.

Do you go to Michigan Tech?

 

[yongrel]

Austrian, with a smidgin of Chicago.

 

[Fox McCloud]

96/100 for Austrian.

There's one question I'd probably change my answer to, as I was debating it to begin with, which would give me a higher score--2 answers, in particular, I just found a little bit confusing/strange, so I tended to shy away from them...either way, I scored very high

 

[bill50]

I chose 4 Chicago, 1 Keynesian, and one socialist. The other 19 were Austrian. I think the mistake in voting for the socialist one was that I thought indigenous people included those of us indigenous to America. There's no doubt our current system of globalization is destroying our economy!

 

[Fox McCloud]

I chose 4 Chicago, 1 Keynesian, and one socialist. The other 19 were Austrian. I think the mistake in voting for the socialist one was that I thought indigenous people included those of us indigenous to America. There's no doubt our current system of globalization is destroying our economy!

That's because there's multiple definitions of globalization--

one definition is more countries engaging in truly free trade between themselves, and trade restrictions being lifted.

That said, globalization (at least in my view) is the trend to unite countries under the guise of "free trade" which is really a managed trade system or scheme to increase the power of world bodies, such as the UN.

the latter is very bad, as national sovereignty is gone...the former is really good.

 

[koob]

Good quiz, it takes forever to read though.

Do you go to Michigan Tech?

No, I'm currently a student at NMU.

 

[theczar1776]

Extremely fascinating! Long read though... I am studying economics and still it makes my brain hurt!

 

[frdmrdr]

I got 97% but it should've been 100.

Clicked the wrong button on the last one. No way I would have chosen it on purpose.

(sigh). Story of my life. Smart but sloppy.

 

[theczar1776]

Got 90/100 points... mostly from socialist stock market answer! i hate the stock market!

 

[hypnagogue]

I've tried twice now to complete the quiz, and I always become frustrated because so many of the options have segments that I do and segments that I don't agree with. I guess you can file me under the Hypnagogic School of economics.

 

[josephadel_3]

I got 84/100 Austrian. My economic knowledge is limited, but from listening to Ron Paul and studying free markets, I learned a little. I actually got a Keyensian answer because I didn't understand the taxes question. I diagree with the Austrian answer on defense. I gave the Chicago answer

National defense is neutral to the market. On the one hand, it
cost taxpayers money, but, on the other, it provides a stable
environment
that permits peace to flourish and rights to be protected. By its very
nature, government should maintain a monopoly over the use of force,
and defending the nation against external and internal foes flows from
this primary obligation. Before we can even talk about economic
production, government-provided security and defense must be firmly in
place.
Otherwise, we are back to the Hobbesian jungle. Chicago answer

 

[asgardshill]

Quizzes like this are why I pay my accountant so well. She took it (on my dime and time I might add), and she's 89 percent Austrian. I myself get night sweats trying to balance my checkbook.

 

[yongrel]

Quizzes like this are why I pay my accountant so well. She took it (on my dime and time I might add), and she's 89 percent Austrian. I myself get night sweats trying to balance my checkbook.

I got 96/100. I even passed Algebra once upon a time. Can I do your taxes? My prices are very reasonable.

 

[asgardshill]

Can I do your taxes? My prices are very reasonable.

If you can grow a pair of 38Cs like my accountant already has, then we'll talk.

 

[wild03]

My boyfriend found this quiz online. I found this to be a very well-written quiz that tests what school of economic thinking to which you belong.

http://mises.org/quiz.asp?QuizID=4

100% pure Austrian!

Kind of unfair since I have been reading Austrian economics for years, I Listen to the Mises.org lectures whenever I get a chance, SO It was pretty easy. I'll have to admit that number 20 had me thinking because they had "insider trading" as a good thing. This is something I was not aware of. I'll read Reisman's Argument as soon as I get a chance http://mises.org/fullstory.asp?control=1014