Re: Re: [Pen-l] a dialogue

["Jim Devine" <jdevine03@xxxxxxxxx>]

me:
>> they're not scare quotes. I just don't think they [the "Austrian school"] 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.<<

David B. Shemano wrote:
> You are tough.<

thank you.

> I did not realize there was a concern that people would assume that Austria presently follows the economic guidelines set forth in "Human Action."  <

I don't want to insult Austria. I'm told it's a pleasant country.

> 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.<

How about Hayekians or dynamic neoclassicals? or we could put
quotation marks around the term "Austrian" without assuming that they
are scare quotes.

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

David:
> 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.<

They don't get the point. Say's law was debunked long before Keynes.
People should understand that. To not understand that is a sign of
ignorance.
-- 
Jim Devine /  "Nobody told me there'd be days like these / Strange
days indeed -- most peculiar, mama." -- JL.
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