Why does untruthful scholarship so often take root, and even become a “consensus” interpretation despite its factual deficiencies?
History of Economic Thought
Hayek worked in the context of the near death of civilization in the world wars, near-universal enthusiasm for socialism among the intellectuals, and repeated exhortations in the face of periodic economic troubles that this time really was the Final Crisis of Capitalism.
The eco-fascist screed from the New Zealand murder comes across as crude and low-level, the wild ramblers of a trash-talking 20-something raised on 4chan, 8chan, and the most hateful parts of the Internet. It was not always so. Men with the same views, much more sophisticated in expression but just as violent in effect, once came from the Ivy League, occupied the highest levels of social and professional achievement right here in the U.S., and remained heroes of “Progressivism” for many decades after the Second World War.
Neither consumers of expert opinion nor experts themselves will ever fully transcend their biases, nor should they. But when experts disagree, it behooves us to avoid as best we can hunkering down into black-and-white thinking that conveniently accommodates those preexisting biases.
This great variety of influential books testifies to the richness of the libertarian scholarly tradition. It’s filled with remarkable works of scholarship that are not (yet) as widely known and read as they deserve to be.
AIER is pleased to present the first English translation of Friedrich von Wieser's memorial appreciation of Carl Menger, the founder of the Austrian School, published in German not long after Menger’s passing in 1921. Wieser (1851-1926) was one of the leading contributors in the “second generation” of the Austrian School of Economics.
This is a slipshod attempt to taint and tarnish the reputation of one of the leading economists of the 20th century, and one of the most consistent and outspoken defenders of the classical liberal ideal of political, social and economic liberty and the free society.
While Karl Marx has served as the supplier of the political slogans, the economist Michal Kalecki has provided the guidelines for the actual policy in many parts of the world.
Canadian “robber barons” were exactly like the American robber barons: largely a myth.
Neoliberalism is one of academia's trendiest boogiemen. Do historians have the wrong origin story?
Harwood could not remain silent and still call himself a man of honor. He established AIER in response, an institution dedicated to the fight for integrity, sound money, and free markets. The confrontations with Washington continued over the decades.
By making these lost Spooner treatises available again after more than a century in seclusion, it is my hope that they will both further our historical understanding of the time in which they were written and offer relevant insights to the evolution of economic ideas in the present day.