RE: Re: RE: Re: Mises University

["Forstater, Mathew" <ForstaterM@xxxxxxxx>]

cant get into it now, but i dont think that is right. now i dont accept you
actually get spont coord. (obviously!), but they have an argument that doesnt
depend on it. it is based on Schutzian sociology. (and conversely i dont believe
you get spont coord. with rat ex, even in theory!) but it will have to wait for
later!

-----Original Message-----
From: Michael Perelman [mailto:michael@xxxxxxxxxxxxxxxxx]
Sent: Thursday, February 22, 2001 1:23 PM
To: pen-l@xxxxxxxxxxxxxxxxxxx
>Subject: [PEN-L:8385] Re: RE: Re: Mises University


Regardless of Schackle and Lachmann, the only way that you can get the
spontaneous
coordination is that the participants have foresight.

"Forstater, Mathew" wrote:

> but they don't believe in rational expectations. not at all. Lachmann was very
> close to Shackle in many resepcts. Lachmann is considered by some Austrians to
> be a "nihilist" because he takes the Austrian notion of radical uncertainty so
> seriously he almost doesn't get market coordination or spontaneous order.
>
> this is what I respect about the Austrian research program. It is very easy to
> get market coordination or spontaneous order when you assume away all the
> problems, like the neoclassicals. Perfect information, perfect foresight,
> perfect competition, big deal you get a result that markets are efficient. But
> recognize radical uncertainty, no equilibrium, etc., and still argue that
> spontaneous order is achieved, that is a much bolder claim. That is how I
became
> interested in how the Austrians actually explain this achievement.
>
> -----Original Message-----
> From: Michael Perelman [mailto:michael@xxxxxxxxxxxxxxxxx]
> Sent: Thursday, February 22, 2001 12:27 PM
> To: pen-l@xxxxxxxxxxxxxxxxxxx
> Subject: [PEN-L:8368] Re: Mises University
>
> Wouldn't the students rationally expect what their teachers would tell
> them without going to class.  So why couldn't they just sell the diploma
> and be done with the university?
>
> On Thu, Feb 22, 2001 at 10:10:26AM -0800, Jim Devine wrote:
> > It turns out there's a Mises University, in Auburn Alabama (see
> > http://www.mises.org/). Like Doug, they question the "newness" of the U.S.
> > new economy. In the spirit of von Mises, I'd bet that the university is
> > totally unplanned, since the professors have much more information than any
> > central planner could. Further, I bet they use the market to assign
> > grades... After all, who could be a better judge of what grade a student
> > deserves than the student him or herself?
> >
> > Jim Devine jdevine@xxxxxxx &  http://bellarmine.lmu.edu/~jdevine
> >
>
> --
> Michael Perelman
> Economics Department
> California State University
> Chico, CA 95929
>
> Tel. 530-898-5321
> E-Mail michael@xxxxxxxxxxxxxxxxx

--

Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael@xxxxxxxxxxxxxxxxx