Austrians Again

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How funny that the Coordination Problem School is now calling itself Austrian again, just as it had readopted the name twice before, after trying out Market Process Economics and Interpretive Economics, and having each bomb. But then, Austrian economics is hot right now, thanks especially to Rothbard and Ron Paul, as Ryan McMaken notes. The whole fascinating WSJ controversey stepped up with Robert Wenzel’s blog, then Tom DiLorenzo’s comment, and Bob Wenzel’s post this morning. Switzerland’s Daily Bell has covered the story here and here. One side, which has made its peace with the Fed and the rest of DC, has Koch oil billions and subscription-only newspapers on its side. The other has the free Internet and the man whose very name can still make Charles Koch go apoplectic, as happened not too long ago in Aspen. For more than 50 years, it’s been Power vs. Murray. I know where I’m putting my money.

UPDATE from Marc Davis:

I have an idea for the Coordination Problem School. Why don’t they start calling it the School of Kochonomics? They would, then, all be Kochonomists.

UPDATE from Bryan Morton:

Wouldn’t they be Kochnesians?

8:59 am on August 31, 2010