Tyrrell_McAllister comments on Awful Austrians - Less Wrong

34 Post author: Swimmy 12 April 2009 06:06AM

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Comment author: Tyrrell_McAllister 12 April 2009 05:09:35PM 0 points [-]

I have to note that Hayek wasn't an Austrian in the methodological (i.e. epistemological) sense. If you read his Use of Knowledge in Society closely, you'll see that Hayek is fine with the neoclassical project, he's just telling them to be careful with their models.

Thanks for clarifying this. I've heard so many good things about Hayek that I'm meaning to dive into his oeuvre at some point. But I'd also gathered that some Austrians were a-priorists, as the OP says, so I'm not interested in spending more time looking at their thinking. The OP had me worried that these ends conflict, but you've reassured me that they don't.

Comment author: Matt_Simpson 13 April 2009 04:08:07AM 0 points [-]

AFAIK Hayek's early stuff on business cycle theory is no good, but I don't think there's anything especially Austrian about it other than that Austrians seem to be the only ones that believe it.