THIS IS THE MOST ACCURATE FRAMING OF THE ECONOMIC MOVEMENTS CURRENTLY AVAILABLE TO US.
1 – Austrian economics seeks to eliminate asymmetries of knowledge so that people can cooperate voluntarily under the optimum possible conditions. So as a movement, Austrian economics was a social science. In other words, they want to improve our information.
2 – American (Chicago) economics seeks to identify rule of law, so that economics can be constructed as a formula under rule of law – eliminating discretionary toying with the economy, just as rule of law eliminates discretionary toying with the polity. In other words, they want to manipulate information as little as possible.
3 – Saltwater (New York/California) economics seeks to identify the maximum disinformation that the government can insert into the economy with which to farm taxes, consume, and redistribute them, while preserving the incentive to keep working and risking capital (the hamster wheel), and to create sufficient knowledge of how to use disinformation that policy makers have full discretion.