Via How Liberals Distort Austrian Economics – Reason Magazine: The earliest Austrian economists did not make their mark by advocating free markets and other classical-liberal ideas. They did so by proffering a revolutionary positive (not normative) theoretical approach to understanding how markets work, focusing on value, price, and capital, theory. … Yglesias thus conflates Austrian economic theory with libertarian political theory. In fairness, he is not alone in committing this error. Many libertarians do the same, which is unfortunate. Austrian economic […]
Tag Archives: Reason
From All Life is Problem Solving: When I speak of reason or rationalism, all I mean is the conviction that we can learn through criticism of our mistakes and errors, especially through criticism by others, and eventually also through self-criticism. A rationalist is simply someone for whom it is more important to learn than to be proved right; someone who is willing to learn from others — not by simply taking over another’s opinions, but by gladly allowing others to […]
One kind Christmas gift was Churchill’s Wit: The Definitive Collection. I am particularly savouring this gem (1906): For my own part I have always felt that a politician is to be judged by the animosities which he excites among his opponents. I have always set myself not merely to relish but to deserve thoroughly their censure. I expect that will keep me going through the heat of the fires of unreason of the statist left.
So here I am, back online in our new High Wycombe home, just in time for this revolt against reason: Following the ‘climategate scandal’, Mr Blair said the science may not be “as certain as its proponents allege”. But he said the world should act as a precaution against floods, droughts and mass extinction caused by climate change, in fact it would be “grossly irresponsible” not to. If I understand Blair correctly, he is following up his recent assertion of […]