Blogs Liberty and Power Misrepresenting the Austrian "Revival"Apr 23, 2015
Misrepresenting the Austrian "Revival"
tags: Wasserman,Austrian School,Hayek,Mises
Janek Wasserman has an article up at HNN, purporting to correct what he portrays as a “dogmatic” appropriation of the historical Austrian school of economic thought by American libertarians, free-marketeers, and business interests since the mid 20th century. Steve Horwitz has written a thorough retort of Wasserman’s argument, taking him to task for neglecting to do even a rudimentary survey of the literature from modern day academic practitioners of Austrian thought. Such slipshod research practices, to put it mildly, do not bode well for accuracy in Wasserman’s representation of the scholarly tradition he attempts to critique.
In reading the HNN piece though, something else struck me. In addition to his neglectful exposition of Austrian economics, past and present, he has a very weak grasp of the history of Austrian economics’ transmission to the United States in the 20th century. Having written on this subject myself, I was taken aback in particular by the following claim:
“When Austrian Economics was “revived” in the mid-1970s, only Hayek received an invitation to the conferences”
In this passage Wasserman is referring to a series of Austrian academic conferences that were organized by the Institute for Humane Studies (full disclosure – my current affiliation), beginning in 1974 and rapidly expanding following F.A. Hayek’s receipt of the Nobel Prize later that year. The argument he is trying to make here is that the Austrian “revival” from the 1970s to the present day represents something of a break from the older early 20th century Vienna-based Austrian school from which Hayek emerged. The implication is that Hayek, and particularly a libertarian strain of Hayekian thought, rose to the forefront in this “revived” tradition at the expense of the older Austrian school’s academic focus and broader economic ecumenicism.
comments powered by Disqus
- The Debt Ceiling Law is now a Tool of Partisan Political Power; Abolish It
- Amitai Etzioni, Theorist of Communitarianism, Dies at 94
- Kagan, Sotomayor Join SCOTUS Cons in Sticking it to Unions
- New Evidence: Rehnquist Pretty Much OK with Plessy v. Ferguson
- Ohio Unions Link Academic Freedom and the Freedom to Strike
- First Round of Obama Administration Oral Histories Focus on Political Fault Lines and Policy Tradeoffs
- The Tulsa Race Massacre was an Attack on Black People; Rebuilding Policies were an Attack on Black Wealth
- British Universities are Researching Ties to Slavery. Conservative Alumni Say "Enough"
- Martha Hodes Reconstructs Her Memory of a 1970 Hijacking
- Jeremi Suri: Texas Higher Ed Conflict "Doesn't Have to Be This Way"
- New transcript of Ayn Rand at West Point in 1974 shows she claimed “savage" Indians had no right to live here just because they were born here
- The Mexican War Suggests Ukraine May End Up Conceding Crimea. World War I Suggests the Price May Be Tragic if it Doesn't
- The Vietnam War Crimes You Never Heard Of