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How heterodox are Hayek and Mises compared to Milton Friedman. I'm not trolling here. I'm actually asking. I thought that they were essentially proponents of si
by youdontknowtho 10y ago
How heterodox are Hayek and Mises compared to Milton Friedman. I'm not trolling here. I'm actually asking. I thought that they were essentially proponents of similar theories? I'm the definition of a layman though, so I could easily have that all wrong.
- analogwzrd 10y agoI haven't read enough of Friedman to argue details, but I do know they were from different economic schools. Mises and Hayek were of the Austrian school. Friedman was in the Chicago school. As far as heterodox, Friedman seems to have enjoyed more political and social influence than Hayek and Mises ever did.
- no_flags 10y agoI thought Hayek was fairly influential in his time? He won a Nobel prize and had a significant impact on European politics. https://en.wikipedia.org/wiki/Friedrich_Hayek https://en.wikipedia.org/wiki/Friedrich_Hayek
- eropple 10y agoVon Mises in particular is largely regarded as a crank, and his followers worse, by the econ wonks I count as friends. I have heard it described by an econ-wonk friend along the lines of, "I don't agree with Friedman's conclusions but I recognize the universe in which he lives. If Von Mises told me the sky was blue, I would have no choice but to check."