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Karl_Smith comments on For progress to be by accumulation and not by random walk, read great books - Less Wrong
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So clearly adapting the new idea is useful.
However, it may also be the case that there is an old idea which if re-examined will be seen to be useful in and of itself.
The problem with the Austrians is that their ideas are being considered and they are being rejected. See Byran Caplan's Why I am Not an Austrian Economist. (link seems not to be working)