Post
Topic
Board Economics
Re: Countries that followed the Austrian School to Prosperity
by
blogospheroid
on 26/07/2011, 08:37:50 UTC
Since there are so many fans of Austrian economics here I'd like to ask for examples of success stories where a country used Austrian economic polices to become prosperous.

Please post what you find below, thanks!

 Smiley


I feel that this question cannot be answered in today's world. We simply don't have valid comparison points. Imagine a 2-d cartesian coordinate graph with 0,0 representing the purest libertarian views and 10,10 representing the most totalitarian regime. The two axes would be cultural/ethnic laws and laws regulating economic behaviour. While most countries are around the range in the centre, the best that today's libertarians would be able to point you towards would be countries near (2,1) or (3,1).

If you're asking for the examples of states in (0,0), you may not find any, but the libertarians here are not wrong about giving examples that are nearer to the libertarian ideal than today's median state.