There is a meaningful distinction between 'mainline' economics (Smith, Say, Hume, the classicals, and Austrians, who emphasize self-regulation and harmony of interest) and 'mainstream' economics (whatever is fashionable at a given time, such as Keynesianism), which may not believe in the self-correcting properties of markets.
definitionpending
Speaker
Peter BoettkeEvidence Quote
“mainstream connotes a sort of what's fad and fashionable at any point in time so at one time Keynesianism was mainstream but it certainly wasn't mainline it wouldn't it didn't believe in the self-correcting properties of the market”
Created: 6/17/2026, 10:29:22 AM
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