Economic school of thought

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My score on The Economic School of Thought Test:

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Good Econ Student!
(38 Keynesian, 84 Chicago, 15 Austrian)

"You have believe in a free market, and that it has some self-maintaining qualities. You also have some Keynesian School remnants in your thought. You probably took economics, but actually paid attention. You might want to think out some of your methodological issues, but basically, you're on the right track!"

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Take it!
http://www.okcupid.com/tests/take?testi ... 9756932580

Before anyone jumps on me for this in whatever direction, be aware that for a good number of these questions my opinions are not perfectly constant as I may reconsider various aspects of these things. Also be aware that the test creator is not very sympathetic to socialists and is a capitalist in general so there is bias.

Last edited by Awesomelyglorious on 10 Mar 2007, 3:58 pm, edited 1 time in total.

interesting thanks.. id take the test, but i majored in economics, without even taking it i can tell you im a austrian-chicago guy, about 90-95 austrian, with some very slight chicago tendencies

Really, I did not know that about you! Right, I have some Austrian tendencies and other free-market impulses, I just did not express them when I took this test this time, if I had my score would have been a bit different in a few areas. Really though, you would probably have to be somewhat economically literate to take this test anyway as the guy references the competing theories somewhat.

53 Keynesian, 30 Chicago, 7 Austrian
You know some Keynesian and Neoclassical economics, but are committed to neither the Keynesian or Chicago School. You're no radical, and, unless you scored toward 60 on at least one of the variables, you have just enough interest in economics to be dangerous *smerk*. At least you retained some, though, and have a working knowledge on which to build. Some of your thoughts are a bit inconsistent, though, so you probably are more of a practical thinker, just using what you think makes sense, or is most effective to the needs of the day. Don't argue with Socialists or Fascists, you're not equipped yet, but you can explain some basic things to a younger relative who may be asking why the market performs as it does. Don't be afraid to jump in market conversations with friends, either




My test tracked 3 variables How you compared to other people your age and gender:

You scored higher than 99% on Keynesian

You scored higher than 99% on Chicago

You scored higher than 99% on Austrian

Free Marketeer
15 Keynesian, 53 Chicago, 46 Austrian
You answered between 21-60% in both the Chicago & Austrian Schools of Economic Thought. You definitely want a free market, and a small government. You also likely, unless your scores are real low for both variables, have thought about these issues before. Probably, though, you have not firmly decided your stance on certain methodology issues that these two schools of thought disagree about. If you get some time, and care to get off the fence some, you might want to research some of the methodological disagreements in economics. Both sides of you, also, would probably enjoy reading Friedrich August von Hayek. He is best known for writing The Road to Serfdom.

I have no idea what any of the above means.

Xenon, what the above means is that you believe in the ability of markets to promote human welfare. As well, your ideas on how markets work are based somewhat on the Chicago school(which argues based more upon the mechanics of a market being efficient and effective) and the Austrian school(which emphasizes that markets are the results of human action whereas governments are distortions in that order). The Road to Serfdom is Friedrich von Hayek's book arguing that governmental interventions often come at the cost of freedom and Friedrich von Hayek is a very well known economist of the Austrian school who is best known for his work on information and markets.

Moderate Keynesian
23 Keynesian, 15 Chicago, 7 Austrian
You have some knowledge of economics, but believe the freemarket is unstable and/or unfair. You would make a good economics bureaucrat in a stagnating social democracy somewhere. You aren't hostile to freedom, though, and likely just want to make sure the right, just, decisions are made.

I have plenty of knowledge of economics

I hate patronising tests.

I agree. I have just about no knowledge, but managed a fairly glowing response. 'Course, I pulled the same stunt at my last interview. Too bad I didn't want the job enough to work at it.

Balanced Freedom
46 Keynesian, 30 Chicago, 38 Austrian
You are in favor of a free market, and quite a bit of individual freedom. That said, you don't really fit in any one school of thought. A little Keynesianism, a little Chicago School methods, and a bit of Austrianism all sprinkled around. You just know you want a working market, and you support it, but you have no consistent methodology guiding you.

As I mentioned earlier the test is biased to a good extent. However, your answer set likely take a very non-standard approach and one that reflected your belief in a socialist system. The test creator believes that socialism is an economic fallacy which then makes your results look a little bad I think. He is not too horrible on that considering that he could be worse.

You really do not need much knowledge in order to pull off a good score. A monkey can get a decent score by guessing randomly. Heck, I took this test by a coin toss(with a 50, 25, 25 probability distribution for 3 answered questions) and I got the following.

My score on The Economic School of Thought Test:

**************************************

Economics Student
(30 Keynesian, 46 Chicago, 15 Austrian)

"You know some Keynesian and Neoclassical economics, but are committed to neither the Keynesian or Chicago School. You're no radical, and, unless you scored toward 60 on at least one of the variables, you have just enough interest in economics to be dangerous *smerk*. At least you retained some, though, and have a working knowledge on which to build. Some of your thoughts are a bit inconsistent, though, so you probably are more of a practical thinker, just using what you think makes sense, or is most effective to the needs of the day. Don't argue with Socialists or Fascists, you're not equipped yet, but you can explain some basic things to a younger relative who may be asking why the market performs as it does. Don't be afraid to jump in market conversations with friends, either "

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Take it!
http://www.okcupid.com/tests/take?

So yeah, really a monkey can get a good score by guessing. The reason why Anubis didn't was because the answers he selected were such as to give him a low score due to his belief in socialism most likely as he must have selected almost every unorthodox/anti-market economy answer.

Last edited by Awesomelyglorious on 11 Mar 2007, 7:23 am, edited 1 time in total.

Good Econ Student!
46 Keynesian, 76 Chicago, 15 Austrian
You have believe in a free market, and that it has some self-maintaining qualities. You also have some Keynesian School remnants in your thought. You probably took economics, but actually paid attention. You might want to think out some of your methodological issues, but basically, you're on the right track!

the guy who made this quiz was a little bit of a jackass

is libretarian commie on there?

is milton on keynes a reference to that milton and keynes?

Perhaps so, I just could not find many economic quizzes that were unbiased. I thought this was a better one out of the ones I was looking at.

Libertarian communist is not on there, most non-market standpoints are not on there. He even mentions that at the beginning. I suppose that I could put the mises are you an Austrian economist test on there as that test offers more non-market answers, however, the issue with it is that the scoring is difficult to differentiate between answers.

I do not see a Milton on Keynes. I see Milton Friedman's name and John Maynard Keynes's name on one of the questions which is a reference to both but not a Milton on Keynes.

Not that I am in any way surprised...

Also, what exactly IS a Libertarian Communist? Just curious.

I am not really that surprised either. The furthest I can go in the free-market direction and still believe in the plausibility of what I say ends up being Austrian American which is strongly Austrian but with solid Chicagoan tendencies. I think I tried to be as moderate as possible while still being somewhat honest with my original post. Really though, if I tried to be as true to my views as possible and central tendencies I would end up being some variant of Chicagoan.

I think that you know what a libertarian communist is, I just don't think that you believe that such is plausible in any meaningful manner.

I have no idea what a Libertarian Communist is, at least not rationally. The two cancel each other out. I just want to know what the IDEOLOGY of a "libertarian communist" is.