Hayek: A Collaborative Biography
Author | : Robert Leeson |
Publisher | : Springer |
Total Pages | : 550 |
Release | : 2018-05-15 |
ISBN-10 | : 9783319774282 |
ISBN-13 | : 331977428X |
Rating | : 4/5 (82 Downloads) |
Book excerpt: Funded by the tobacco and fossil fuel industries, the Mises- and Hayek-inspired ‘free’ market has adopted ‘The Slogan of Liberty’ - but should their faith-based assertions be accorded the same epistemological status as a science? If Austrian economics is a branch of divinely revealed ‘knowledge’ - as the epigone Godfather, Hans Sennholz, insists - what validity do its policy recommendations have? Should those who falsely claim to have PhDs be tax-funded as ‘Post-Doctoral Fellows’ and ‘Professors’? This volume examines the consequences of the ‘free’ market colonisation of economics – climate change, financial crises and the corruption of academic discourse