Mises and Hayek Dehomogenized?: A Note on a Schism in Modern Austrian Economics
From Critiques Of Libertarianism
Choose one of these to see this page:
- http://socialdemocracy21stcentury.blogspot.com/2013/03/mises-and-hayek-dehomogenized-note-on.html or search for this URL in the Internet Archive.
Some fratricidal minutiae of Austrian economics. "Both Misesians and Hayekians live in a fantasy world, with respect to the price system." You can skip the technical parts to appreciate the fanaticism of both sides.
Quotations
Both Misesians and Hayekians live in a fantasy world, with respect to the price system. Both are dependent on the notion of universally flexible prices created by the dynamics of supply and demand curves, tending towards their market-clearing values. Both have failed to grasp the widespread reality and significance of fixprice markets and price administration.
Lord Keynes (pseudonym), "Mises and Hayek Dehomogenized?: A Note on a Schism in Modern Austrian EconomicsMises and Hayek Dehomogenized?: A Note on a Schism in Modern Austrian Economics"
