I should not admit it here, but the Austrians go well beyond critiqueing Marx.
In fact, in some ways they follow him in rejecting neo-classical theory. Their
solution is pretty weak, postulating that markets work just fine.
Jim Devine wrote:
> [was: Re: [PEN-L:1635] Re: Hume & the Postmodern Grin without a Cat (was
> Re: pomoistas) ]
>
> At 03:14 PM 09/10/2000 -0400, you wrote:
> >Apparently, Hume has exercised a worse influence on economists than on
> >postmodernists (who tend to be sentimentally Keynesian & social
> >democratic, even though their epistemology does not accord well with their
> >sentiment).
> >
> >***** What Has Government Done to Our Money?
> >
> >Murray N. Rothbard
>
> Yoshie, are you aware that the author above is a member of the reactionary
> "Austrian" (H*yek/Mises) school of economics?
>
> I've found that the "Austrians" have some useful insights, but that most of
> them stem from their efforts to study Marx in order to combat him. I don't
> think that Marx would agree that the use of gold as international money
> created a "Golden Age." The idea that golden fetters help the economy
> prosper is up there with Ecuador's abandonment of the Sucre in order to
> attain Nirvana.
>
> Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~JDevine
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 530-898-5321
E-Mail [EMAIL PROTECTED]
