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William Boyes: Get Rid of Public Schools



Public schools at every level paint the economy as merely a machine needing tinkering. There is no free market or Austrian human action perspective. Thus, economics departments are all about modeling and mathematics. This system left Boyes with a PhD in Economics, but with no clue about the real economy. Do prospective students understand this? Are they naïve about what life is like in academia? Knowing what he knows now, would Boyes still follow that high math track to an economics PhD?

What do you think?

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Written by lena

Foodie, Performer, Water Protector, Avid Baker, Syndicate Aggregator. I probably still live in my mom's basement.

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  1. Why do you need to know about the "real economy" if you subscribe to the Austrian school? Austrian economics rejects the idea that economics is a empirical science. They believe economic theory can only be arrived at by using deductive logic based on fundamental, self-evident principles. Economic facts are only used to illustrate theory in action. Austrians believe economic facts can not refute theory.

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