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From:
[log in to unmask] (Andrew Farrant)
Date:
Mon Dec 11 19:47:16 2006
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Muddle of Middle starts with reference to RTS (& has a few others).  
  
Plus: "[T]here can be no stable halfway house between a market economy and socialism" -
pure Mises logic of intervention
  
plus a host of similar stuff  
  
I cannot fathom why Bruce would think all of that has nothing to do with the logic of RTS
  
Samuelson, etc read Hayek as providing a Mises-type 'inherent logic of interventionism'
type argument - they don't buy the mechanism (find it too opaque, fuzzy, unpersausive,
etc) - are they wrong?
  
I look forward to the early appearance of Bruce's edition which is long awaited.  
  
This is likely my final post on RTS & Hayek's logic (opportunity cost & all that). As
Bruce said, folk would likely enjoy the EJPE symposium (& it is more nuanced than email
exchanges to boot!).
  
Andrew Farrant   
  

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