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Comments on: Are real Austrian economists neoclassical? http://www.tvhe.co.nz/2012/08/29/are-real-austrian-economists-neoclassical/ The Visible Hand in Economics Wed, 29 Aug 2012 03:16:44 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Matt Nolan http://www.tvhe.co.nz/2012/08/29/are-real-austrian-economists-neoclassical/#comment-39880 Tue, 28 Aug 2012 23:44:00 +0000 http://www.tvhe.co.nz/?p=7483#comment-39880 In reply to Paul Walker.

The reason I find that a bit strange is that the calculation debate and market socialists were only a subset of neoclassical economics – they were not neoclassical economics in of itself.

The debate about planning vs free markets was one within the discipline, about appropriate value judgments and evidence to apply to the neoclassical framework, rather than one that stepped outside of the framework.

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By: Paul Walker http://www.tvhe.co.nz/2012/08/29/are-real-austrian-economists-neoclassical/#comment-39879 Tue, 28 Aug 2012 23:38:00 +0000 http://www.tvhe.co.nz/?p=7483#comment-39879 Both Mises and Hayek were, in the beginning, neoclassical economists. Up until the socialist calculation debate Austrian economics was part of the neoclassical family. It was the use of GE by the market socialists in the calculation debate that made the Austrians see themselves as different from the neoclassicals,

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By: Matt Nolan http://www.tvhe.co.nz/2012/08/29/are-real-austrian-economists-neoclassical/#comment-39878 Tue, 28 Aug 2012 22:07:00 +0000 http://www.tvhe.co.nz/?p=7483#comment-39878 In reply to jamesz.

Being able to criticise EVERY proposal is very similar to being about the justify every proposal right – it just takes less time to do, and time is scarce 😉

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By: jamesz http://www.tvhe.co.nz/2012/08/29/are-real-austrian-economists-neoclassical/#comment-39877 Tue, 28 Aug 2012 21:40:00 +0000 http://www.tvhe.co.nz/?p=7483#comment-39877 Economists can justify almost any policy agenda?! That’s not the impression I get from reading other economics blogs, which seem to spend much of their time criticising policy proposals!

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