MEMO: Ludwig Mises on Hayek’s “Mont Pelerin Society” Proposal

From Ludwig Mises’ memo titled “Observations on Professor Hayek’s Plan” (pdf) dated Dec. 31, 1946:

The weak point in Professor Hayek’s plan is that it relies upon the cooperation of many men who are known for their endorsement of interventionism. It is necessary to clarify this point before the meeting starts.

From the Editor’s Note:

This memorandum was written at the request of Henry Hazlitt to provide Mises’s comments on and concerns about F.A. Hayek’s initial proposals for what became the Mont Pèlerin Society.

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My main contention is that the tautologies of which formal equilibrium analysis in economics essentially consists can be turned into propositions which tell us anything about causation in the real world only in so far as we are able to fill those formal propositions with definite statements about how knowledge is acquired and communicated. — F. A. Hayek

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