A Social-Democrat Keynesian Praises the Austrians

Sunday, October 28, 2007
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An interesting review by Brad DeLong of the James Scott book, Seeing Like A State: How Certain Schemes to Improve the Human Condition Have Failed:

Heaven knows that I am no Austrian–I am a liberal Keynesian and a social democrat–but within economics even liberal Keynesian social democrats acknowledge that the Austrians won victory in their intellectual debate with the central planners long ago.

This book marks the final stage because it shows the spread of what every economist would see as “Austrian ideas” into political science, sociology, and anthropology as well.

No one can finish reading Scott without believing–as Austrians have argued for three-quarters of a century–that centrally-planned social-engineering is not an appropriate mechanism for building a better society.”

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