What was Otto Neurath’s work centering around in economics?
War economy
Supply and demand
Interest and inflation
Economic growth
Answer
The answer lies in his advocacy for a war economy, emphasizing the redistribution of resources to support military efforts. Neurath believed in a centralized, planned economy where resources were allocated based on societal needs rather than individual interests, prioritizing production and consumption for the war effort. By embracing a war economy, Neurath aimed to ensure the efficient utilization of resources and a stable economic system during times of conflict.
Unraveling Otto Neurath: A Quiz on the Trailblazing Austrian Economist, Philosopher, and Sociologist
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