Wednesday, December 29, 2004

Are You an "Austrian"?

Well, I'm 95-percent "Austrian" according to my score on a 10-question quiz at the website of the Ludwig von Mises Institute.

The quiz is an education in itself. For each question, the quiz-taker must choose from among four detailed and sometimes subtly different answers: an Austrian School answer (10 points), a Chicago School answer (5 points), a Keynesian-Neoclassical School answer (2 points), and a Socialist answer (no points, though negative points would be more appropriate). I chose a Chicago School answer to one question and the Austrian School answer to the other nine questions. Thus my score of 95/100.

To see all 10 questions and answers, click here.

For a more arduous test of your economic philosophy, try the 25-question quiz.