Misunderstanding Mises, Again
In a recent blog post on the Marginal Revolution blog, Ludwig von Mises is categorized as an underrated thinker. That’s undoubtedly true, especially when considering his many groundbreaking contributions to economics. Mises was also one of the first to be named a distinguished fellow of the American Economic Association in 1969. His contributions to economic theory were many and significant and were largely recognized by his contemporaries. But while they are difficult to deny, Mises still gets very little recognition today.
Mises is frighteningly often dismissed as a “crank” or “ideologue” by present-day know-it-alls who are clearly ignorant of recent history of economic thought. The blog post at “MR,” which comments very briefly on Mises’s main works, is therefore an important reminder of Mises’s strong legacy. But it is also interesting because it provides insight into how a non-Austrian who is (or at least should be) well aware of Austrian economic theory sees Mises’s work.
The blog post is written by Tyler Cowen, a professor of economics at George Mason University who has recently gained online notoriety as a columnist, blogger, and podcast host. As a longtime colleague with Austrian economists, both faculty and graduate students, in the GMU economics department, many would assume Cowen to know much about this tradition and, especia
Article from Mises Wire