09 Feb 2009

"Are We All Austrians Now?"

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So asks von Pepe. The first oddity he noticed was Arnold Kling’s discussion of James Hamilton’s work stressing “technological frictions.” Correct me if I’m wrong, but it sounds like he’s stressing the capital heterogeneity of the Austrian school.

And then today John Taylor has an extremely ABCTish op ed in the WSJ.

I realize the important thing is that these ideas are getting out there, with or without the Mises branding. But still, it’s a bit annoying when mainstream economists are “discovering” things that Mises wrote in 1920. I felt the same way back when everyone was going nuts over how awesome Douglass North was for “discovering” the importance of property rights.

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