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Criticism of Mises

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Peter Sidor posted on Sat, Apr 4 2009 6:51 AM

Are there any good critiques of Ludwig von Mises' life and work out there?

I noticed the need in Wikipedia, where there's just one lousy piece digged out from some obscure book review. It shouldn't be just positive reviews or comments (which I'm sure can be found in heaps), but also words from his opponents and critics, that strongly disagreed with him.

Oh, and it would be nice to have a good link/resource to the "Mises was right" note.

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Here Hayek talks about some differences between him and Mises. Hayek favors "selective evolution" over "rational construction" as an explanation of human conduct. There's an article on the philosophy og that linked to in the comments below this recent posting:

http://blog.mises.org/archives/009657.asp

It seems to be an educated and relevant discussion, although on a rather abstract level.

It's not fascism when the government does it.

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If you actually read the article from The Economist you would notice that there is not a single word of refutation in it, it is simply a hit piece against Mises.

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As a general rule, most critisisms or "refutations" of (mostly philosophical) positions I have read were just missing the point/misunderstanding the original positions. Many times I thought "did they even read what they are arguing against or just a terrible college student summary?". The best ones are in which the original premisses of an argument are granted and then to be shown to be self contradictory or just not leading to the conclusions (like Böhm Bawerks critic of Marxism).

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krazy kaju:

If you actually read the article from The Economist you would notice that there is not a single word of refutation in it, it is simply a hit piece against Mises.

Yeah, that's what kind of bugged me as well.

So, are there somewhere at least halfway decent critiques of LvM? Anything? Bueller? Bueller?

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I think Mark Skousen in Vienna & Chicago and Hulsmann in his biography of Mises do mention his "negative" traits, like his extreme stubborness and occasional harshness. Hulsmann also criticises and revises some of his ideas. For opponents like Mises, it's hard to find any worth taking seriously; you usually get nuts like the LaRouche crazies.

Freedom of markets is positively correlated with the degree of evolution in any society...

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Here Hayek talks about some differences between him and Mises. Hayek favors "selective evolution" over "rational construction" as an explanation of human conduct. There's an article on the philosophy og that linked to in the comments below this recent posting:

http://blog.mises.org/archives/009657.asp

It seems to be an educated and relevant discussion, although on a rather abstract level.

It's not fascism when the government does it.

“We must spend now as an investment for the future.” - President Obama

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Juan replied on Sat, Apr 4 2009 12:55 PM
Hayek favors "selective evolution" over "rational construction" as an explanation of human conduct.
That shows Hayek is wrong, not Mises =P

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Aquinas : "much more reason is there for heretics, as soon as they are convicted of heresy, to be not only excommunicated but even put to death."

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I don't think Hayek understood the differences between himself and Mises really. Mises was not a constructivist nor did he overrate reason. In fact, the concept of rational he used was significantly deflated.

Freedom of markets is positively correlated with the degree of evolution in any society...

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its not been mentioned yet that despite being in essence 'misesian' lots of the scholars associated with the Mises institute have critiqued various positions that Mises held. i.e. they reject mises' minimum state (nightwatchmen/minarchy), critique of mises utilitarianism, critique of monopoly theory

im thinking of Rothbard etc.

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Vaguely tangentally:

"Critics of the Austrian school contend that its methods consist of post-hoc analysis"

HOW CAN THEY SAY THAT? THE AUSTRIAN SCHOOL?!

The difference between libertarianism and socialism is that libertarians will tolerate the existence of a socialist community, but socialists can't tolerate a libertarian community.

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ProudCapitalist:

Here Hayek talks about some differences between him and Mises. Hayek favors "selective evolution" over "rational construction" as an explanation of human conduct. There's an article on the philosophy og that linked to in the comments below this recent posting:

http://blog.mises.org/archives/009657.asp

It seems to be an educated and relevant discussion, although on a rather abstract level.

There - a critique from one of his most important students. That should do it for a start. Thanks ProudCapitalist!

 

Oh, and here's one of the sources saying the famous "Mises was right".

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Critiques of Mises are going to fall into two categories:

The first, and most numerous are simply those that do not understand, and do not wish to understand Mises and as such will criticise him either plain wrongly, and are way out of their depth when doing so, or they will paint a false picture of his positions and then ridicule it.

On the other hand, you'll have Austrians who will advance an extremely tentative criticism of Mises with great respect.

Funnily enough Hayek took a shot at Mises in a footnote in one of the essays in Individualism and Economic Order only, he claimed that it was aimed at Walras at the time, later he admitted it was aimed at Mises.

"You don't need a weatherman to know which way the wind blows"

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Lemme get this straight..

so NO ONE outside the austrian school has managed to logically slam Mises' stuff down?

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there is no logical argument against an a priori system.  if you agree with the axioms you agree on the particulars.  if you disagree on the axioms...

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Jordan replied on Mon, Apr 6 2009 11:32 AM

Despite I deeming any criticisms from outside Austrian Economics as hogwash, here is a link to an economist from George Mason criticizing Austrian Economics (namely rothbard and mises): http://www.gmu.edu/departments/economics/bcaplan/whyaust.htm

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