@MasonEconomics
📚 |
@UICEconomics
Alum👨🏻🎓 | “To call the world hopeless is to call it ideal; Because the world is not ideal, it must not be hopeless.”-FN
Austrian economist Dave Prychitko is my favorite critic of Marx because he goes above and beyond to steel man Marxist philosophy. Both Marxists and libertarians would benefit from reading him.
I’d love to see Dave converse with
@MattPolProf
@ARossP
@BenBurgis
@CPostcapitalism
I’m about halfway through “How the World Became Rich” by
@MarkKoyama
and
@jaredcrubin
. It’s an amazing book and I want to share my favorite part of it: the short summaries of each hypothesis.
Books I recommend about immigration:
1. Open Borders (Caplan)
Fun/easy read
2. The economics of Immigration (Powell)
General Econ
3. Streets of Gold (Boustan)
Econ/history
4. Immigration and Freedom (Kukathas)
Ethics
5. Wretched Refuse (Nowrasteh)
Econ/Institutions
This is backwards. Bob Lucas called himself an Austrian until Modern Austrians ostracized him so much he dropped the label.
The real problem is that Austrians are too hostile towards competing schools of thought imo
If you’re interested in learning about the Austrian School of economics, in my experience, the best books you should read are:
1. How to Think About the Economy by
@PerBylund
2. Austrian Economics: An Intro by
@sghorwitz
3. Advanced Intro to the Austrian School by Holcombe
1/2
The libertarian debate over immigration seems to consist of a few questions and assumptions that are not always specifically addressed. I’m going to try and lay them out here in hopes that this will help people communicate their ideas more clearly.
Israel Kirzner on the difference between his theory of entrepreneurship and Joseph Shumpeter’s.
“Shumpeter’s entrepreneur acts to disturb an existing equilibrium. […] My own treatment of the entrepreneur emphasizes the equilibrating aspects of his role”
From C&E
I really like
@Austro_Punk
’s idea for differing factions to come together to make an Austrian textbook exploring the schools various positions. Some people I’d love to see working on this are
@PeterBoettke
, Dave Prychitko,
@PerBylund
,
@BobMurphyEcon
I am rereading Mises’s chapter on fascism from Liberalism.
While it does praise a few accomplishments by the fascists, to me, it reads more like an attempt at persuading readers to abandon fascism.
Red = “sympathetic” remarks towards fascism
Blue = critiques of fascism
“There is little evidence that migrants choose their state destination based on the generosity of the welfare system” -
@AlexNowrasteh
in
@Benjami57376369
’s great book
For anyone interested, it turns out “From Marx to Mises” Is not entirely a substitute of Lavoie’s “Rivalry & Central Planning”.
There are many similarities, but Steele also goes into great detail describing Marx’s economic and political views.
I recommend checking both out!
October’s pick is R&CP by Don Lavoie. I’m really looking forward to this one and getting the chance to talk about it with
@PeterBoettke
.
Since I’ve read it before I’m taking the opportunity to finally read Steele’s book. I’m curious how the two will compare. Still time to join!
@ComicDaveSmith
I feel like this entirely relies upon how we define “social conservatism” and “woke progressivism”. For example, some people associate social conservatism with things like the family, but others associate it with things like forcing gay people to stay in the closet.
Cool, cool. Just the LPMC explicitly saying there’s nothing wrong with having PRO-RUSSIAN INVASION speakers at an ANTI-WAR event. I get wanting to oppose US involvement, but Is this an anti-war rally or an anti-Ukraine rally?
@angela4LNCChair
@ComicDaveSmith
@scotthortonshow
"As far as I know, [he] is the first person to mention, let alone stress, the importance of my own contributions to the typology of government intervention. This makes [him], in my own biased view at least, an unusually perceptive economist."
-Murray Rothbard on Don Lavoie
@PeterBoettke
I don’t think the socialist calculation debate was ever brought up in any of my undergrad classes.
Hayek made a brief appearance in one of my classes, but that was in relation to his work on business cycles.
I’m 99% sure most people are thinking of Nordic social democracies
1. The Liberal Archipelago
2. Hayek’s Modern Family
3. Inequality: An Entangled Political Economy
4. National Economic Planning: What is Left?
5. Marxism & Workers Self-Management
6. Wittgenstein, Austrian Economics, & the Logic of Action
7. The Routledge Handbook of Anarchy
Introduce yourself with seven books:
1. Theory of Price
2. Price Theory
3. Applied Price Theory
4. Chicago Price Theory
5. Price Theory: An Intermediate Text
6. Price Theory and Applications
7. University Economics
Milton Friedman’s relationship with Ludwig Von Mises is very interesting. While believing Mises was intolerant of other ideas and disagreeing with his methodology, he still thought Mises deserved a Nobel Prize.
@ComicDaveSmith
Peter Boettke
Deirdre McCloskey
David Friedman
Roderick Long
Thomas Sowell
Lawrence H. White
Karen Vaughn
Israel Kirzner
Richard Ebeling
Christopher Coyne
@ThomasEWoods
Are you referring to
@AndrewRCraig
who has absolutely read Mises and seems cool with the Austrian school, or are you referring to left-libertarians like those at
@c4ssdotorg
who have also absolutely read Mises and often advocate Austrian economics
“I don't like criticizing Milton Friedman not only because he is an old friend but because, outside of monetary theory, we are in complete agreement. Our general views on what is desired and what is not are almost identical until we get on to money.” -Hayek
@yanisvaroufakis
Nozick was very explicitly not an anarchist or anarcho-capitalist. He supported a minimal state. This is all in the first chapter of AS&U
@ThomasEWoods
has an episode on left-libertarians claiming AOC is more libertarian than Thomas Massie. The episode kinda annoyed me so I thought I’d write down my thoughts on what I disagreed with and where I thought he made some good points
@AlanWolan
If you want to fully understand the Israel/Gaza war, it’s time to read:
Blaming the Victims by Edward Said & Christopher Hitchens
Failing Peace by Sara Roy
Enemies and Neighbors by Ian Black
Palestine & the Arab Israeli Conflict by Charles D. Smith
That system worked much better than most economists today suggest. Its notable shortcomings were unique to the US experience, a consequence of prohibiting branch banking and requiring notes be backed by government bonds. See this thread by
@GeorgeSelgin
October’s pick is R&CP by Don Lavoie. I’m really looking forward to this one and getting the chance to talk about it with
@PeterBoettke
.
Since I’ve read it before I’m taking the opportunity to finally read Steele’s book. I’m curious how the two will compare. Still time to join!
Earlier this week,
#NoDueDate
subscribers got to chat about Anthony de Jasay's classic "The State" with
@pierre_lemieux
and
@peterboettke
.
Don't miss the next opportunity. Subscribe today.
@ComicDaveSmith
For example, some people associate “woke progressivism” with supporting equal dignity between all races and sexes. Others associate it with top-down social control of all people, destroying any and all dissent.
I also rarely see people mention Mises’s chapter on Fascism in Socialism. A few quotes:
“The short-lived Fascist episode ended in blood, misery, and ignominy.”
“Fascism is not as the Fascists trumpeted a new way of life; it is a rather old way towards destruction and death.”
Great review by Rosolino Candela of Kirzner’s Discovery, Capitalism, & Distributive Justice.
Since we’re reading this in the NoDueDate reading group, I wanted to share some highlights. Lmk if you have any questions you want me to bring up in discussion!
“I am completely willing to hear out any criticisms of Hoppe’s argument against open borders!”
Proceeds to spend hours debating with anonymous accounts on social media instead of engaging with relevant papers in libertarian journals
This is why I’m happy
@BobMurphyEcon
interviewed
@ComicDaveSmith
about this and I why I’m looking forward to his potential interview with Guenzl. We need more civil conversations like this that get into the gritty details.
@MutualSociology
Hayek expands on his views in this Interview. He was always explicit that he was against Laissez-faire. I also recommend this article by Bruce Caldwell
@radleybalko
Fair, but I think another way of looking at this is as an opportunity for him to promote your work to an audience that might not know it exists.
I recently updated my piece on libertarian infighting. It touches on
-Rhetoric
-The alt-right
-What libertarians can do to reach out to women and non-white people
Give it a read and place check out the links to other articles/sources
Initially, Hayek’s “The use of knowledge in society” had no impact on Sowell. It wasn’t until he taught a course on the Soviet economy that he recognized it’s significance. This led to his best book imo, Knowledge and Decisions
This is a very good overview of Kirzner’s research on entrepreneurship by Frederic Sautet.
One of my main takeaways is that one should read C&E, but not just C&E to understand Kirzner’s mature view.
@chrishudsonjr
@SallyMayweather
Yeah I don’t get it, if you’re not gonna support state enforcement of immigration barriers then just say you’re for open borders
@LPLiberation
1. Open borders
2. Housing deregulation
3. Intellectual property minimization/abolition
4. Prison reform + end war on drugs
5. mutual aid institutions to combat poverty and other social issues
1) Should all property be privately owned in the sense that immigration will solely be a matter of invitation or trespass?
Suppose a trespasser comes on my land, and I wish to remove them. If all the land around me is privately owned as well, where can I rightfully move him?
@sapinker
remarks that Sowell’s columns may have grown his popularity, but also may have cut him off from the intellectual mainstream. However, he calls Sowell “one of the most brilliant people he’s come across”.
@jasonrileywsj
also summarizes Sowell’s critique of nation building
But are taxpayers the rightful owners of public property simply because they fund it?
Suppose a person owns a private park, but it is taken by the state through eminent domain. Does he not have a better claim than the taxpayers?
@JaycobYes
@y2012ash
He sent Lavoie a letter mid 80s praising him for his work and giving him ‘the Hayek Award’ for the slaying of socialists. Lavoie hung a framed version of the letter.
He also was asked at GMU to provide T&P evaluations for Viktor Vanberg as well as Lavoie. These again our
Hoppe claims that the net taxpayers have the best claim over how public property should be managed since they are the source of its funding. However, since they don’t have control over its operations, he claims the state should act as a trustee following the full-cost principle.
@JoshEakle
You’re not really addressing his main argument, being that NATO is NOT a defensive alliance IN PRACTICE. Im not read enough to assess this claim, but that’s his main point.
The reason I was drawn to left-libs is because they literally promote the best parts of Austrian Econ. Carson, Long, Boettke, Horwitz, Prychitko,
@BadmenBad
,
@corymassimino
. All of these people can do a much better job explaining Austrian Econ than Woods.
@chrishudsonjr
For progressives: “National Economic Planning. What is left” by Lavoie and “Less than Zero” by George Selgin
For conservatives: “Hayek’s Modern Family” by Steve Horwitz and “The Economics of Immigration” by Ben Powell
Market Theory & the Price System
The Liberal Archipelago
Immigration & Freedom
National Economic Planning
Black Rights / White Wrongs
Neoliberal Social Justice
Wittgenstein, Econ, & logic of Action
Deleting the State
Radicalizing Rawls
Marxism & workers Self-Management
@RishiJoeSanu
Yeah my understanding is that Marx is probably more known in sociology or English departments than Econ departments. I think
@PhilWMagness
did some work tracking this