2 ms·
Listen... a lot of people. Hayek still has a following. Well regarded. Nobel Laureate. Implement... different story. Actual skepticism is a conundrum... notori
by dalbasal 5y ago
Listen... a lot of people. Hayek still has a following. Well regarded. Nobel Laureate.
Implement... different story. Actual skepticism is a conundrum... notoriously difficult to adhere to. The tables turn when you need to defend your price theory of business cycles... you need to claim to know things.
This pamphlet is as good an example as any. It claims knowledge of what lies down which path... in a way that sounds quite naive to a modern reader, no different than the peers he was chastising.
Austrians were as loud and involved as anyone in building institutions.