The Economic School of Thought Test

The Economic School of Thought Test

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This is a discussion on The Economic School of Thought Test within the Personality Test Resources forums, part of the Personality Type Forums category; HelloQuizzy.com: The Economic School of Thought Test Chicago Libertarian 15 Keynesian, 62 Chicago, 46 Austrian Like the Friedmanite, you value ...

  1. #1

    The Economic School of Thought Test

    HelloQuizzy.com: The Economic School of Thought Test



    Chicago Libertarian

    15 Keynesian, 62 Chicago, 46 Austrian

    Like the Friedmanite, you value the private sector's strength for providing prosperity; however, you also show at least trace signs of the "Austrian School." It is likely that you enjoy economics, have accepted the current framework (a Federal Reserve, at least moderate trade regulation, etc.) as a "given", but basically see the market as self-maintaining. You also likely believe in a sufficient amount of economic freedom to say you at least somewhat empathize with libertarianism.



  2. #2

    Your result for
    The Economic School of Thought Test
    ...
    Balanced Freedom

    46 Keynesian, 38 Chicago, 23 Austrian
    You are in favor of a free market, and quite a bit of individual freedom. That said, you don't really fit in any one school of thought. A little Keynesianism, a little Chicago School methods, and a bit of Austrianism all sprinkled around. You just know you want a working market, and you support it, but you have no consistent methodology guiding you.
    SirDave thanked this post.

  3. #3

    Your result for The Economic School of Thought Test ...

    Good Econ Student!
    38 Keynesian, 62 Chicago, 8 Austrian

    You have believe in a free market, and that it has some self-maintaining qualities. You also have some Keynesian School remnants in your thought. You probably took economics, but actually paid attention. You might want to think out some of your methodological issues, but basically, you're on the right track!

    That's cool. I've been set to gain financial literacy for a couple of months now and I'm happy with this.

  4. #4

    Weak Austrian

    15 Keynesian, 8 Chicago, 38 Austrian

    You are a Weak Austrian. What this means is that you have the beginnings of belonging to a school of thought that places a great deal of importance on individual liberty, not just from the standpoint of justice, or liberty for its own sake, but also as something essential to a free and prosperous society. Austrians see the society and individual as not necessarily in conflict.

  5. #5

    Constrained Austrian

    31 Keynesian, 31 Chicago, 62 Austrian
    You are somewhat of a strong Austrian - so you believe in a high degree of individual freedom, but you also show at least traces of the Chicago and Keynesian Schools of Thought.

    You probably believe the free market as it manifests in America is the right way to go: Mostly free individuals protected by a strong national government and a steady, prudent Federal Reserve to supply a sound money supply. I think you may be a bit naive, but I respect your faith in the American way :)

    If this is not the case, then, it could be that you desire a very free society, you just differ - perhaps due more to political and social considerations than those based on general economic theory - on the prerequisites for such a system. You may want to look more into these three schools and see what their differences are. The Chicago & Austrian schools differ most on monetary theory, while both of these schools of thought, especially the last one, have strong reservations about the government-directed macroeconomic policies advocated by Keynesians.

  6. #6

    This is a good test, so I'll bump the thread-

    Concerned Chicago

    31 Keynesian, 62 Chicago, 31 Austrian

    You believe in a free market, but, you are being challenged as to how to achieve it. You show signs of being a strong follower of Milton Friedman, but you have slight aspects of the Keynesian and Austrian schools of thought, which differ from the Chicago School.

    It is likely you want to maximize private sector performance, but you use methods currently considered in conflict to achieve this. Your dominant approach is of the Chicago School, but perhaps considerations of stability and justice seem better addressed by alternate approaches

  7. #7

    Weak Austrian

    15 Keynesian, 15 Chicago, 38 Austrian

    You are a Weak Austrian. What this means is that you have the beginnings of belonging to a school of thought that places a great deal of importance on individual liberty, not just from the standpoint of justice, or liberty for its own sake, but also as something essential to a free and prosperous society. Austrians see the society and individual as not necessarily in conflict.



    You scored 15% on Keynesian, higher than 29% of your peers.

    You scored 15% on Chicago, higher than 20% of your peers.

    You scored 38% on Austrian, higher than 56% of your peers.

  8. #8

    Mixed Market

    23 Keynesian, 8 Chicago, 23 Austrian
    You have some knowledge of economics, but believe the freemarket is unstable and/or unfair. You would make a good economics bureaucrat in a stagnating social democracy somewhere. You aren't hostile to freedom, though, and likely just want to make sure the right, just, decisions are made. In addition, you have just enough of a twinge of the "Austrian School" that you likely see some economic freedom as necessary. You like a mixed market, you have a concern for equity, but you're no radical.

  9. #9

    Your result for The Economic School of Thought Test ...
    Constrained Austrian
    23 Keynesian, 31 Chicago, 62 Austrian

    You are somewhat of a strong Austrian - so you believe in a high degree of individual freedom, but you also show at least traces of the Chicago and Keynesian Schools of Thought.

    You probably believe the free market as it manifests in America is the right way to go: Mostly free individuals protected by a strong national government and a steady, prudent Federal Reserve to supply a sound money supply. I think you may be a bit naive, but I respect your faith in the American way :)

    If this is not the case, then, it could be that you desire a very free society, you just differ - perhaps due more to political and social considerations than those based on general economic theory - on the prerequisites for such a system. You may want to look more into these three schools and see what their differences are. The Chicago & Austrian schools differ most on monetary theory, while both of these schools of thought, especially the last one, have strong reservations about the government-directed macroeconomic policies advocated by Keynesians.

  10. #10

    Concerned Chicago

    38 Keynesian, 77 Chicago, 23 Austrian
    You believe in a free market, but, you are being challenged as to how to achieve it. You show signs of being a strong follower of Milton Friedman, but you have slight aspects of the Keynesian and Austrian schools of thought, which differ from the Chicago School.

    It is likely you want to maximize private sector performance, but you use methods currently considered in conflict to achieve this. Your dominant approach is of the Chicago School, but perhaps considerations of stability and justice seem better addressed by alternate approaches.


 

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