In theory, the Keynesian school and the austerity-minded Austerian school — typified by the work of Ludwig von Mises and Friedrich Hayek — needn't line up with America's political divide.

These two radically different schools of thought are still alive and well today. Here's a little more about each philosophy, and the main differences between Keynesian and Austrian economics ...

Particularly noteworthy were his arguments with the Austrian School of Economics, whose adherents believed that recessions and booms are a part of the natural order and that government intervention ...

Keynesian economics is a theory whose premise is that aggregate demand is a primary driver of the economy and employment. Keynesian economics is an economic theory, and the basic premise is that ...

These two radically different schools of thought are still alive and well today. Here's a little more about each philosophy, and the main differences between Keynesian and Austrian economics ...