Barack Obama and The Fatal Conceit

A quick google of “Obama” and “fatal conceit” harvests over 16,000 links.   The interpretation of Barack Obama and his government as an instantiation of what Friedrich Hayek examined in his classic book The Fatal Conceit has become one of the dominant narratives of today.   In May John Stossel wrote a widely circulated piece on the topic.  This week, Thomas Sowell weighs in.  So does Sheldon Richman.  And also Ralph Reiland.  I’m guessing we’ll be hearing more about this over the next month and year.

UPDATE:  Another one.  Update 2:  One more.

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Right after we published our first findings [on path dependence and complexity theory], we started getting letters from all over the country saying, ‘You know, all you guys have done is rediscover Austrian economics’ .. I admit I wasn’t familiar with Hayek and von Mises as the time. But now that I’ve read them, I can see that this is essentially true. — Brian Arthur

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