Interesting Comments

I am taking a seminar in Law & Economics as an elective this semester, and I found this observation my by Professor interesting:

"There's an epistemological difference between the Chicago School and the Austrian Schools of Economics, and it lies in coherence and correspondence. The Austrian School talks to itself, not so much the external world, its priority seems to be coherence or internal consistency, to constantly ensure its own logical consistency.

The Chicago School on the other hand is easily more of a correspondence flavor. Its theories correspond to real-world events and obstacles."

In other news this, and separately following considerable, lengthy personal deliberation and reflection, I have concluded my return from my former intellectual home in the (Mises) Austrian School, and now feel like I am a Chicago School of Economics aficionado with some degree of finality.