You also forgot to add that three weeks ago he was proposing that Argentina
depreciate their currency. I wouldn't label that the brightest of ideas by a
"leading" economist either given the situation.
Mark Steckbeck
On 11/26/01 8:50 PM, "Peter Boettke" <[EMAIL PROTECTED]> wrote:
> Caplan) pe
On Tuesday, November 27, 2001 2:13 PM Peter J. Boettke [EMAIL PROTECTED]
wrote:
> To be clear --- I am not whinning about the place of Austrians in the
> world of ideas --- some of it is because of "inefficiencies" other
> explanations are due to the incompentence of the leading exponents of
> the
Robin,
I am shocked that you would claim that academics is an unregulated
industry ... shocked.
If I told that there was an organization that had the following
characteristics what you say:
1. The owners do not manage the system
2. The workers make most of the managerial decisions
3. Cons
An all too common view is that most markets work well, and government should
leave them mostly alone, except the social area I most care about needs
special attention and subsidies to make sure my side prospers. I know
people who act this way about health, art, privacy, sex, and much more.
This s
Sorry, double negatives confuse me. I mean of course that the history of
the twentieth century (Marxist-Leinism, communism, fascism etc.) is an
argument against the efficiency of the market in social science.
alex
Alex Tabarrok wrote:
> Hello? If the history of the twentieth century is not an
Don't you think there is a difference between efficiency in the
intellectual arena and truth? I think that intellectual
institutions are fairly good at allocating resources to
efficiently produce "normal science" - ie, science that
refines and explores a given view of the world.
Truth may requir
Yes, I was refering to the Boulding article you mention -- perhaps we read
it differently.
Second, I think there are several reasons why Austrians have
difficulities --- some self-induced, others as a consequence of other
issues. Public choice scholars should realize that for a long period of
ti
What do you mean by the history of the 20th century being an argument for
efficiency?
Keynesianism --- 1930-1980 --- pretty good run.
Market socialism --- 1936-1985 --- pretty good run.
Market failure theory, with a benevolent despot --- 1920s -- 1960s ---
pretty good run.
I am confused. Do yo
Hello? If the history of the twentieth century is not an undeniable
argument against the hypothesis that the "market" for social science is
not efficient then what is?
Alex
--
Dr. Alexander Tabarrok
Vice President and Director of Research
The Independent Institute
100 Swan Way
Oakland, CA, 9462
ctual Resources"?
JC
- Original Message -
From: <[EMAIL PROTECTED]>
To: <[EMAIL PROTECTED]>
Sent: Monday, November 26, 2001 12:58 PM
Subject: Re: Austrians and markets
> The institutions of property, prices and profit and loss are at best
> approximated in science --
Actually, I am not making (or trying to make) an argument, I am simply
interested in responses from this list given the range of ideologies. I
agree wholly with previous statements made on this list that Austrian
economics has made large contributions to economics. My question deals more
with on
The institutions of property, prices and profit and loss are at best
approximated in science --- we have at best attenuated property rights,
etc. The coin of the realm in science is pretige and reputation. It
is not necessarily a cash nexus, though of course some drug research
etc. does have
PROTECTED]
- Original Message -
From: "Peter Boettke" <[EMAIL PROTECTED]>
To: <[EMAIL PROTECTED]>
Sent: Monday, November 26, 2001 9:19 AM
Subject: Re: Austrians and markets
> Mark,
>
> I am surprised you would be making this argument ... do you believe that
the
> &quo
Mark,
I am surprised you would be making this argument ... do you believe that the
"market" for legislation is efficient because it exists? Whatever is, isn't
necessarily efficient. The market for ideas in economics is a distorted
market. Fads and fashions come and go all the time. Science is
--- Mark Steckbeck <[EMAIL PROTECTED]> wrote:
> the recent post by Dan Klein
> pertaining to changing the name of the school (let's put the old wine in new
> wineskins)
> Mark Steckbeck
I think your interpretation of Dan Klein's proposal is not what he intended.
As I understand it, the proposal
I'll rephrase what Sherwin Rosen said in some speeches and
articles before his death. He argued that Austrian economics
includes a number of ideas, which have varying degrees of
acceptance in the market place of ideas. The subjective theory
of value is accepted by most economists as are other Aus
>From: Mark Steckbeck <[EMAIL PROTECTED]>
>Reply-To: [EMAIL PROTECTED]
>To: <[EMAIL PROTECTED]>
>Subject: Austrians and markets
>Date: Sun, 18 Nov 2001 10:32:32 -0500
>
>A colleague who had run and managed businesses in a previous life recently
>asked me to
A colleague who had run and managed businesses in a previous life recently
asked me to name a management strategy based on Austrian theory. There are
numerous possible answers such as spontaneous order and all but, after
considering that another colleague who happens to be both a musician and an
a
BTW - my comment about spontaneous order refers to a methodological precept
of Austrian theory, not of a theory itself.
Mark Steckbeck
Hillsdale College
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