Monday, October 13, 2014

David Gordon and Murray Rothbard on Don Lavoie

During Israel Kirzner's recent speech on the revival of Austrian school economics, Prof. Kirzner mentioned the work of Don Lavoie, specifically Lavoie's book, Rivalry and Central Planning: The Socialist Calculation Debate Reconsidered .

Kirzner pointed out that Lavoie's book was extremely valuable in identifying the success that Ludwig von Mises and Friedrich Hayek had in destroying the theories of economists who argued the benefits of central planning, such as Oskar Lange and Abba Lerner.

But it should be remembered that sometime after penning that book, Lavoie went off on an odd tangent into the world of hermeneutics philosophy and attempted to take the entire Austrian movement on his trip.

It turned out to be a bad trip for Lavoie, though, as Murray Rothbard and David Gordon both pointed out the major problems with the philosophy.

SEE: Hermeneutics Versus Austrian Economics by David Gordon


The Hermeneutical Invasion by Murray Rothbard

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