Prof. Fekete says this: “Why then does the New Austrian School of Economics (NASOE) take issue with the Mises Institute? As this Manifesto explains it does because post-Mises Austrian economics has ceased to be open to new ideas. It is trying to ossify Austrian economics at the level where Mises left it. It is inimical to the appearance of new knowledge as it flows directly from the founding principles of our school, unless stamped with its own nihil obstat. Discussion and criticism are discouraged. Many a topic is outright tabooed. There is a tendency to turn science into cult.” Source: … Continue reading Prof. Fekete Criticizes the Austrian School of Economics as Cultish