RE: Re: [Pen-l] a dialogue

["David B. Shemano" <dshemano@xxxxxxxxxx>]

Jim Devine writes:

>> they're not scare quotes. I just don't think they should identify
>> their country of origin with their school. It's not like they have had
>> a monopoly of intellectual power over Austria the way the followers of
>> Milton Friedman have at the University of Chicago. For example, Joseph
>> Schumpeter was from Austria but did not belong to the Hayek/Mises/et
>> al crowd.

You are tough.  I did not realize there was a concern that people would assume that Austria presently follows the economic guidelines set forth in "Human Action."  What name would you prefer that the "Austrians" call themselves -- the "Neoclassical Marginal Subjectivists Who Do Not Agree With The Chicagoans On Monetary Policy And Certain Methodological Issues?"  You realize that the relabeling costs alone will doom your proposal.

>> The A school may have studied Keynes but they have not abandoned Say's
>> Law. That colors all of their thinking.

I suppose in some sense that is true, but that is the (a) heart of the argument, is it not?  It is certainly not ignorance.

David Shemano

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