Comments on: The Influence of the Austrians

By: Daniel

Daniel — Wed, 24 Aug 2011 13:25:21 +0000

To be fair, Tyler Cowen was the only man I have ever seen who wrote a blog post criticizing ABCT and actually understanding it. The article was called “If I believed in Austrian business cycle” then he top-tens a list of items (it’s not really 10 items).

It’s funny because he wrote it in 2005 and it later came to be true

By: Captain Anarchy

Captain Anarchy — Tue, 23 Aug 2011 19:56:20 +0000

Very good observation. I have yet to see a refutation of Austrian theory on an epistemological level (or on any level really).

By: John James

John James — Tue, 23 Aug 2011 14:42:38 +0000

Well...he did have a one hour slot. Granted, it was on an expanded cable network, but it was prime time...

By: J. Murray

J. Murray — Tue, 23 Aug 2011 11:03:45 +0000

If people are irrational and do stupid stuff all the time, why risk giving them monopoly power and call it government?

By: Bob Roddis

Bob Roddis — Mon, 22 Aug 2011 21:16:58 +0000

My rule of thumb:

In 38 years, no non-Austrian or anti-Austrian EVER has the slightest familiarity with basic Austrian School concepts. EVER.

So don’t be surprised when you discover the state of “knowledge” and “understanding” of the next non-Austrian.

By: sweatervest

sweatervest — Mon, 22 Aug 2011 20:58:14 +0000

Good point! The most common objection I hear is “but people *are* irrational, they do stupid stuff all the time!”. The reason markets won’t work is little more than an instance of snooty gossip.

That’s why I need that pocket edition of Human Action, earmarked on the page where Mises literally addresses this concern, ready to bust out whenever needed.

By: Mitchell Powell

Mitchell Powell — Mon, 22 Aug 2011 20:19:15 +0000

Through all the discussions and readings I’ve done over the past few years, I’ve yet to find a single individuals who understands and denies the basic teachings of Austrian Economics. I’ve met people who understand them, and people who deny them, but never do the two meet in one person. That alone makes me more confident of their truth, though their a priori nature is enough.

By: Tyrone Dell

Tyrone Dell — Mon, 22 Aug 2011 16:55:33 +0000

Maybe Ron Paul supporters need to figure out how to get him a two hour prime time special then.

By: J. Murray

J. Murray — Mon, 22 Aug 2011 15:59:37 +0000

It’s a shame that the third page immediately turns around and defends central banking and Keynesian economics.

By: J. Murray

J. Murray — Mon, 22 Aug 2011 15:52:36 +0000

He’ll need to take out a two hour prime time special just to take care of the mistakes thus far.

By: Tyrone Dell

Tyrone Dell — Mon, 22 Aug 2011 15:03:20 +0000

Ron Paul needs to collect all of these mistakes from editors and authors in newspapers and magazines (and prominent blogs) into one huge list and in his next speech simply correct them all, one by one.

Now is the time to do this before this list grows too big!