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In fact "unlikely to favour large scale social engineering backed by force" is about the only thing Austrian economics has in common with mainstream modern econ
by duncan_bayne 11y ago
In fact "unlikely to favour large scale social engineering backed by force" is about the only thing Austrian economics has in common with mainstream modern economics...
That's flat out wrong, I'm afraid. Proponents of modern economics are very, very willing to perform social engineering backed by force.
- notahacker 11y agoDepends on what you consider "social engineering" really. Even Hayek didn't think that a developed market economy providing a social safety net (and levying taxes to pay for it) counted. Khmer-Rouge style social engineering involved concluding the problem with modern economies is that people are choosing to work in industries not in the national interest, and a practical solution is to abolish all markets and use the military to relocate people and assign them new roles. Name one modern economist who has reached remotely similar conclusions.
- duncan_bayne 11y agoAre you saying that I'm wrong because no modern economists have advocated policies similar to the Khmer Rouge? We're talking about a spectrum of evil here, with Pot and his cronies a way down one end.