I started writing a similar reply, then I had to take a break. When I came to finish it, I saw your reply and decided you said it better than I could.

I greatly respect @taskmaster4450le and generally agree with his perspective. Although I agree that his oversimplified summary of Keynesian and Monetarist viewpoints is generally accurate, I disagree with his assessment of the Austrian School.

Also, I'm not sure one could ever paint the Austrian School with a single brush. Austrian's are such independent and critical thinkers that they represent more a process of critical thinking than any single conclusion.

My dissertation advisor for my entrepreneurship doctorate published a short book a few months ago that summarizes his Austrian perspective on what “the economy” is and how to understand it (How to Think About the Economy: A Primer). One might say it’s a non-economics (or anti-economist) view of the economy.

I would love to hear @taskmaster4450le’s critical assessment of the book.

It can be downloaded for free here.