The Austrian Tent? A Rejoinder to Gallaway and Vedder
5 Pages Posted: 28 Jul 2011
Date Written: July 27, 2011
How do neoclassical economists reply to Austrian critiques of their work? Typically, although to be sure there are exceptions, they ignore them. That is, the former move mountains in an effort to avoid the arguments of the latter. Sometimes this occurs even when neoclassicals explicitly reply to Austrian critiques.
A case in point is Gallaway and Vedder (2006). Ostensibly written as a critique of Barnett and Block (2006), this “Reply” manages to ignore every substantive criticism leveled at them by their critics. Instead, it focuses on a point irrelevant to the substantive issues, but an interesting one for all that.
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