Brad DeLong is deleting brief comments to his blog with the following quotes from Hayek which plainly lay out the situation as Hayek saw it, providing the background for his statements on British policy in the 1925-1936 period. These statements more than any other satisfy DeLong’s pretended interest in gaining an understanding of Hayek’s policy . . . → Read More: Brad DeLong — a Disgrace to Scholarship, a Disgrace to Science
Today’s ONION-esque entry comes from a woman named Madeleine Bunting:
the story is now familiar of how Friedrich Hayek and his associates produced the intellectual roadmap for both Thatcher and Reagan, and the notions cooked up in Chicago – such as efficient market hypothesis – have dominated political economy for the last 30 years. Hayek’s . . . → Read More: It’s a Non-Stop Hayek-Bashing Party at the Guardian
What’s not to love about non-sense like this:
Neo-liberalism was far more ideological in temper than social democracy. It had a master theorist, Friedrich Hayek. And it had a faith: the wisdom of the market. Even though nowhere were the ideas of neo-liberalism fully implemented, for 30 years it provided the most important Western policy . . . → Read More: Another Lefty Blames Hayek for the Crash & 3rd World Poverty
Professors often seem dependent on strawmen to supercharge the motivatation of their otherwise undistinguished arguments, and since being a professor means never having to know any history of economic thought, lots of these strawmen are invented and then projected on famous economists from the past. Indeed, fake “Hayek” positions are becoming more popular among academic . . . → Read More: Stupid Professor Tricks
Well, you’ve got to put Matthew Yglesias near the top of any list. Tom Woods has more evidence supporting a vote for Yglesias. Quotable:
Note that although Yglesias himself does not know the first thing about Austrian business cycle theory, and in fact doesn’t even seem entitled to an opinion, he is certain it is . . . → Read More: blogs: Who’s the Most Ignorant “Respectable” Blogger of Them All?
John Kenneth Galbraith’s son James Galbraith recounts the following story:
I can’t resist telling you that when the Vienna Economics Institute celebrated its centennial, many years ago, they invited, as their keynote speaker, my father [John Kenneth Galbraith]. The leading economists of the Austrian school — including von Hayek and von Haberler — returned for . . . → Read More: classless: John Kenneth Galbraith Insulted Hayek at an Anniversary Celebration of the Vienna Economics Institute
Janet Albrechtsen makes the case for believing that Kevin Rudd’s hard left veer into wing nut lefty polemics against a fraudulent strawman “Hayek” has everything to do with party politics and almost nothing to do with Rudd’s understanding of the world or the work of Friedrich Hayek. Her article is titled “Hayek Hatred A Handy . . . → Read More: bs: Kevin Rudd Sends His Hit Piece on Friedrich Hayek to the G20 World Leaders
Well, judging by the reaction to the Australian Prime Minister’s nasty, out-of-the-ballpark false, and — let’s just say it — delusional attacks on Friedrich Hayek, the consensus seems to be pompous idiot. Other take-downs of the Prime Minister and his bogus accounts of “the ideas of Friedrich Hayek” can be found here, here, here, here, . . . → Read More: bs: Kevin Rudd — Pompous Idiot or Villianous Liar?
In the most corrupt of scholarly ethics, Berkeley economist Brad DeLong has continued his misinformation campaign against the economic ideas of Friedrich Hayek, blatantly misreporting the scientific record in order to smear Hayek. And let’s be blunt. There are only two possibilities here. Either DeLong is wilfully misrepresenting himself as a competent and informed historian . . . → Read More: bs: Brad DeLong — Giving The Economics Profession A Bad Name
This time it’s historian Matthew Dallek who is pulling made up history out of his hat and printing it up, in Politico. Note that Hayek wrote his The Road to Serfdom for British publication and as a warning for the British people, and he never expected the book to be published in America. It was . . . → Read More: bs: Lies about Hayek – What Academics Do Best