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Well, there's no arrow on the diagram connecting "Austrian Economics" with "Modern Mainstream Economics", so the diagram doesn't really make them look all that
by drcode 8y ago
Well, there's no arrow on the diagram connecting "Austrian Economics" with "Modern Mainstream Economics", so the diagram doesn't really make them look all that important.
- notahacker 8y agoIt makes them look important in the sense that Boettke is included and literally hundreds of people with more influence on the history of economic thought are omitted. As an illustration of where the diagram creator's favoured economists sit in relation to mainstream thought that's fair enough, but as a guide to the overall field of economic thought it's akin to a family tree of "entrepreneur philosophies" which includes Carnegie, Ford, Welch, Buffett, Gates, Jobs, Musk and your friends' early stage startups.
- Matticus_Rex 8y agoJust the amount of space devoted to them exaggerates their importance to the field (though Menger, Kirzner, and Hayek -- possibly Mises as well -- would still make my cut. But a list that has Salin and not Akerlof or Arrow (just to start with the A's)? He mentions Coase as being on there, but I don't see him, and Coase is literally the most-cited economist of all time.