Friedrich Hayek

Are Austrian economists anti-empirical?

An instructive trio of essays by economists at Cato Unbound about Austrian economics’ reputation — especially Mises’s praxeological version — for being strongly a priori rationalist: Is Austrian economics anti-empiricist? Steve Horwitz says no. Bryan Caplan says yes. George Selgin also says yes. To Selgin’s series of quotations from Mises, I’d add this one from

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Seminar: Philosophy and the Evolution of the Mixed Economy

One of my talks at Francisco Marroquín University was on making sense of our mixed economy–an unwieldy combination of market and socialist elements. The 28-minute talk integrates themes from my intellectual heroes–Smith, Mill, Mises, Hayek, Rand, Popper, Friedman, Buchanan, and Tullock–and connects market economics, politics, ethics, history, and public choice to explaining our semi-coherent mixed

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More: Do conservatives really value economic liberty?

Some do, sort of. But most of its major representatives do not. Another example is GOP hopeful Newt Gingrich. In his 1984 book, Window of Opportunity, Gingrich attacks laissez-faire and proposes what he calls “opportunity society conservatism”: “The opportunity society calls not for a laissez-faire society in which the economic world is a neutral jungle

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