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Mises.com economic quiz.

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Less Than Liz
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PostPosted: Thu Jan 28, 2010 10:08 pm


In the ED-P "Should Bernanke Be Appointed?" thread, we started taking the "Are you an Austrian?" quiz at Mises.com. Post your scores!

http://mises.org/quiz.aspx

My Score: 68/100

1. Austrian
2. Chicago
3. Chicago
4. Austrian
5. Chicago
6. Chicago
7. Austrian
8. Chicago
9. Chicago
10. Chicago
11. Chicago
12. Austrian
13. Austrian
14. Chicago
15. The Keynesian/Neoclassical
16. Austrian
17. Chicago
18. Chicago
19. Austrian
20. Chicago
21. Austrian
22. Keynesian/Neoclassical
23. Chicago
24. Austrian
25. Chicag
PostPosted: Thu Jan 28, 2010 11:06 pm


Question 15:
"Taxes often serve corporate interests and the wealthy. Businesses want private revenue and profits, but socialized costs. This is due to the inordinate influence of business and the rich on politics." I like this pat of the wrong answer. Rothbard would agree.

Question 18:
"...we will find that the forces of market competition will achieve egalitarian goals through predominantly voluntary means."
I like this part of the wrong answer. I believe Konkin, Crson, Spangler, Tucker, Spooner, Hess, and the early Rothbard would agree.

Questions 20 + 21:
I have some otherwise applied Austrian perspective to stock markets
I also have an otherwise applied analysis of labor unions which fits a Austrian perspective still, I think
My answer for 21 regarding unions was A but I leaned toward B as well. I think it would be wrong to characterize this as being non-Austrian as well, but then again i am not so much an orthodox Austrian. I think many Austrians fail to see the restriction of the employer market with abrriers to entry for competition and how this causes an oligopsony effect upon the labor market. They confuse contexts and end up misapplying their own positions. (See Brad spangler on the subject of wage slavery). Answer D correctly states that bargaining power is concentrated within the hands of business interests, but thsi is not a market phenonomen as the answer states, it is a product of government intervention.

Question 24:
State capitalist societies DO wage war to benefit business interest so part of the fourth answer IS true.

Are You an Austrian?
(36,061 have taken this quiz.)
Your score is: 100/100

However I think perhaps if go back and change my answer to the unions question I woudl be 98%, but that could only be a measure of orthodoxy considering what i ahve said earlier

Baron von Darrin

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Spontaneous Order: A Libertarian Guild

 
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