February 2011 « Taking Hayek Seriously

ANOTHER BRAIN DEAD ATTACK ON HAYEK

By Greg Ransom, on February 28th, 2011%

Here.

The universities seem to crank out an endless supply of these non-serious leftist “intellectuals”.

HAYEK & MISES — COMPARE & CONTRAST

By Greg Ransom, on February 28th, 2011%

Richard Ebeling and I have an extended discussion in the comments section of a post by Steve Horwitz, hashing out the commonalities shared by Friedrich Hayek and Ludwig Mises — and the differences which distinguish the work of each economist.

WHAT DID HAYEK THINK OF ALFRED SCHUTZ?

By Greg Ransom, on February 26th, 2011%

Richard Ebeling tells us:

Long ago (1975), when I was first becoming interested in Schutz’s writings on intersubjective structures of meaning and ideal types, I asked Hayek what he thought of Schutz and if Schutz had any influence on him.

He told me that he never could make sense of what Schutz was saying in . . . → Read More: WHAT DID HAYEK THINK OF ALFRED SCHUTZ?

NGRAM — NEOCLASSICAL ECONOMICS VS AUSTRIAN ECONOMICS

By Greg Ransom, on February 25th, 2011%

The key event in the post-war rise of the word “neoclassical economics” seems to be Paul Simpson’s 1949 AER article, “Neoclassical Economics and Monetary Problems”, which defines neoclassical economics as:

“[A] body of analysis derived from postulates concerning individual behavior in its efforts to maximize well-being. Individualistic and hedonistic in its approach, as formulated . . . → Read More: NGRAM — NEOCLASSICAL ECONOMICS VS AUSTRIAN ECONOMICS

NGRAM – CONSTITUTION OF LIBERTY

By Greg Ransom, on February 25th, 2011%

Note well: this in an NGRAM for the lower case expression “constitution of liberty”.

NGRAM — SCIENTISM

By Greg Ransom, on February 25th, 2011%

The modern notion of “scientism” was introduced by Friedrich Hayek and Karl Popper in the mid-1940s, in Hayek’s journal Econometrica.

NGRAM — SPONTANEOUS ORDER

By Greg Ransom, on February 25th, 2011%

NGRAM — THE RULE OF LAW

By Greg Ransom, on February 25th, 2011%

Hayek’s first began writing about “The Rule of Law” in 1938, in his paper “Freedom and the Economic System”, which was expanded into his influential discussion of the rule of law found in The Road to Serfdom.

WHAT DOES HAYEK HAVE TO TELL US ABOUT UNIONS AND RIGHT TO WORK LEGISLATION?

By Greg Ransom, on February 25th, 2011%

Timothy Carney offers an analysis.

VIDEO – “THE HAYEK PROPHECIES”

By Greg Ransom, on February 24th, 2011%

Has anyone seen this? It’s a 60 minute interview with Friedrich Hayek conducted in the early 1980s by investment manager Kenneth Gerbino, who headed an organization he’d created called the American Economic Council at the time of the interview. He’s charging $8.95 for viewings of the video.

CAPTCHA PROBLEM FIXED

By Greg Ransom, on February 24th, 2011%

Comments are back open for business. My apologies for the software glitch.

NGRAM — “ABSOLUTE POWER CORRUPTS ABSOLUTELY”

By Greg Ransom, on February 24th, 2011%

The quotation header to chapter 10 of Hayek’s The Road to Serfdom, published in 1944, is Lord Acton’s line, “Power tends to corrupt, and absolute power corrupts absolutely.”