Abstract Minutiae


© Samuel Hammond 2011

Economics, epistemology and the political

"An economist who is only an economist cannot be a good economist" - F.A. Hayek

samuelphammond@gmail.com
University Fund

Adherents of Mises (sometimes peculiarly closer to Rothbard and anarchism than to Mises himself) often claim that Hayek represents an entirely different strand in the Austrian tradition, go beyond the legitimate Böhm-Bawerk/Wieser separation and argue that Hayek is a covert social democrat. Such interpretations are true to the extent that Hayek explicitly opposes the minimal state. But they appear thoroughly absurd if one analyzes Hayek’s economic policy oeuvre, his opposition to the ideal of social justice and his personal political involvement.

—Another gem from Hayek as Ordo-Liberal [pdf].