Monthly Archives: May 2010

Enough BS, Here’s the Texas Curriculum on Economics

Leftists in the media fill the public square with untrue sludge, and like day follows night they have done so on the new Texas school curriculum changes.  Law Professor  Ann Althouse flags an example — and does a quick Fisking … Continue reading

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The B*llsh*t Never Ends

Peter Boone & Simon Johnson: “According to Friedrich von Hayek, the development of welfare socialism after World War II undermined freedom and would lead western democracies inexorably to some form of state-run serfdom.” HT to Don the Libertarian Democrat in … Continue reading

Posted in B*llsh*t, Road to Serfdom | Comments Off

F. A. Hayek’s “The Confusion of Language in Political Thought”

Download it here.  (pdf) Summary: In his Introduction Professor Hayek argues that political thought is still restricted by the use of outdated terms which reflect subjective explanations of social institutions. SECTION I Order enables us to explain the world about … Continue reading

Posted in language | 2 Comments

Cohen on the Hayek / Knight Capital Controversy.

Hayek’s breakthrough year of 1936 was also the year of Frank Knight.  Avi Cohen’s article on the Hayek-Knight dust up includes previously unpublished correspondence between Hayek and Knight during this period.  Hayek’s take away lesson from his encounter with Knight … Continue reading

Posted in Capital Theory, Cohen, Knight | 2 Comments

14 New Books on Hayek

Amazon is brimming over with new books on Friedrich Hayek and his ideas: Hayek versus Marx by Eric Aarons. Hayek and the Natural Law by Erik Angner. F. A. Hayek by A. J. Tebble. Popper, Hayek and the Open Society … Continue reading

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A Challenge to Garrison’s Version of Hayekian Macro

Robert Vienneau, “Some Capital-Theoretic Fallacies in Garrison’s Exposition of Austrian Business Cycle Theory: A Research Note”. Abstract: “In response to the global economic crisis, some have advocated that economists consider the economics of the Austrian school. This paper examines elements … Continue reading

Posted in Capital Theory, Garrison | 1 Comment