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Links I found interesting for 22-05-2012

summer

Comments

( 5 comments — Leave a comment )
inuitmonster
May. 22nd, 2012 07:39 pm (UTC)
I was particularly taken by reports that last year the Azerbaijan authorities rounded up anyone who had voted for the Armenian Eurovision entry.
s g
May. 22nd, 2012 09:54 pm (UTC)
No to Hayek? Time to start dissing all theoretical economists.

Paid media won't do it. The Irish Times has been carrying Krugman since ante-Crash times, and has instructed Martyn Turner to churn out pro-fiscal-pact propaganda.

Blegggh.
nwhyte
May. 23rd, 2012 05:18 am (UTC)
I don't understand what you are saying here about Krugman, who has been consistently opposed to austerity right from the word go, and as recently as 8 May described the fiscal pact as "totally misguided". I don't see Martyn Turner cartoons so can't comment on that.

As I said to wwhyte below, the point about Hayek is that he unequivocally predicted that a welfare state would lead to totalitarianism, and this is unequivocally false. His other work needs to be evaluated in that light.
wwhyte
May. 23rd, 2012 05:02 am (UTC)
Not sure it's fair to criticize people for taking Hayek seriously, as opposed to Road to Serfdom. He did good work (with von Mises) on the socialist calculation problem and is one of the great theoreticians of pricing signals. The reputation of Road to Serfdom suffers from it being written as a prediction, when in fact it was more propaganda, designed to move the Overton window by shifting one extreme of the debate so the middle of the debate ended up closer to where Hayek wanted it. As a prediction, it's obviously false, but as propaganda for the small-government side it isn't stupid.
nwhyte
May. 23rd, 2012 05:06 am (UTC)
The point of the post I linked to isn't (as I may have wrongly implied) that Hayek should not be taken seriously, but that if you do take him seriously, you have to honestly acknowledge that he seriously predicted that a welfare state would lead to totalitarianism.
( 5 comments — Leave a comment )

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