Alasdair Macleod – 13 June 2012
I make this speech in the earnest hope that Croatia, which has emerged from decades of totalitarianism, along with her neighbouring countries, will not make the mistakes we have made. And by “we”, I refer to the advanced economies of Western Europe, North America and Japan. To explain why we have made mistakes, it will help if I summarise the fundamental differences between classical economics, neo-classical, including Keynesian and monetarism, and Austrian economics.
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