Josh Barro, Columnist

Where I Learned All About Austrian Economics

September 19, 2012 at 8:38 PM UTC

Josh Barro is the lead writer for the Ticker, Bloomberg View's blog on economics, finance and politics. His primary areas of interest include tax and fiscal policy, state and local government, and planning and land use. Previously, Barro was a Senior Fellow at the Manhattan Institute for Policy Research and a commercial real estate banker at Wells Fargo. He holds a bachelor's degree in psychology from Harvard and lives in Queens, New York.

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This month, Cato Unbound has had a debate about, basically, whether Austrian economics is a pseudoscience. It was sparked by a blog post I wrote alleging, in part:

Austrian economists reject empirical analysis, and instead believe that you can reach conclusions about correct economic policies from a priori principles. It's philosophy dressed up as economics.