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  • Austrian Economics Follow Up

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17 Jun 2010

Austrian Economics Follow Up

  • By Bill Conerly
  • In Books, Economy
  • 3 comments

Two days ago I wrote "Austrian Economics: What Business Executives Should Know."  Today the Wall Street Journal's blog Real Time Economics has an article about Friedrich Hayek's The Road to Serfdom.  So I guess it is an important topic.  If you read the article, be sure to add Don Boudreaux's cogent response on his blog, Cafe Hayek.

Friedrich-hayek On a personal note, I had dinner with Hayek many years ago.  I attended a seminar on Austrian economics (thank you Institute for Humane Studies) at which Hayek was the final dinner speaker.  As we were taking our places in the banquet hall, none of my fellow scholars dared to take the seat next to the Nobel laureate.  I sat down, introduced myself, and had a grand chat with one of the greatest economists of the 20th century.

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    Comments

  1. Greg Ransom
    June 17, 2010

    Do you remember the conversation?

  2. A_moran3
    June 20, 2010

    Holy crap you had dinner with Friedrich Hayek? You are one lucky man! It must’ve been an informative and enlightening conversation!
    If I had a dinner with him, I’d ask him about everything from the World Cup to Barack Obama’s Presidency to Murray N. Rothbard to Anti-Trust laws to his favorite food!

  3. Bill Conerly
    June 22, 2010

    I don’t remember much of the conversation, but I do recall that we talked a little bit about methodology. Hayek observed that he knew of no major issue in economics that had been resolved through empirical research. (not an exact quote).

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