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Originally Posted by Seos  AS will follow the CS in their political mechanisms. Yes I am aware AS came first that does not stop them copying CS. The whole point is that they don't need a whole load of people with economics degrees to agree with them they just need political power.
CSers where never the majority of people with economics degrees (postgraduate or otherwise) but they did gain disproportionate political power to their relatively small number.
Real world power of economic policy is all politics and very little economics.
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CSers gathered a large and ever-growing army of postgraduate adherents in the 60s and beyond. That is why they managed to impose their will on the planet. You NEED to convince postrgrad economists of the validity of your ideas, otherwise there will be no professional economists anywhere able to be in a position to impose your ideas on the economy.
Right now, Austrian economists are like the Free Tibet folk, or the Legalise Now! crowd. Anyone with political pull will run a mile from them, and well he should.