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I referred specifically to Hayek's work in the 30s and the 40s for which he won the Nobel prize in 1974 ... About the time the Rational Expectations Revolution
by nanis 12y ago
I referred specifically to Hayek's work in the 30s and the 40s for which he won the Nobel prize in 1974 ... About the time the Rational Expectations Revolution was beginning to gain momentum.
Now, while I actually lived under dictatorship, and did not enjoy it one bit, I must say, if I am forced to make a choice between Allende and Pinochet, I'll go for Pinochet every time. Just look at where Chile was before Bachelet was elected, and where, say, Argentina, and Venezuela, and Brazil are ...
- dalke 12y agoYour original statement was that just because Einstein knew physics doesn't "automatically make him qualified to condemn the rest of the society to produce what he and his brethren deem desirable." That needlessly gendered statement is identical in structure to my objection that Hayek's understanding of economics doesn't "automatically make him qualified to condemn the rest of the society to" dictatorships, even if only temporary. Gunnar Myrdal shared the prize with Hayek but had quite different views on government, and regarded Hayek as a reactionary. Myrdal was, among other things, a member of the Swedish Parliament for the Social Democrat party. You can therefore only conclude that the Nobel Prize committee was recognizing those areas of economics where Myrdal and Hayek had similar views. You cannot extend that recognition to include all of Hayek's views. If forced to choose between having all of my limbs cut off and having just my foot cut off, I think I could express a clear preference as well.