Which University to Attend to Study Austro-Libertarianism? Is Hayek a Good Austrian?

Letter 1

From: Joshua Crosby

Sent: Monday, December 07, 2020 9:42 PM

To: Walter Block <wblock@loyno.edu>

Subject: Hillsdale college

Dr Block, I have a young friend who is considering studying economics at Hillsdale. I know it may be difficult for you to set aside your bias toward your department, but can you give me an evaluation on how they score between Cato-Hayek and Rothbard-Mises.org?

Dear Joshua:

Sorry, I can’t answer your question directly. All I can say is that all four econ people have attended functions at Mises, and I don’t know about the Hillsdale people. I suspect, but I’m not sure, none of them have.

Also, while I admire Hayek, mainly for macro, I am also critical of him, mainly on libertarian grounds:

Block, Walter E. 1996. “Hayek’s Road to Serfdom,” Journal of Libertarian Studies: An Interdisciplinary Review, Vol. 12, No. 2, Fall, pp. 327-350, http://www.mises.org/journals/jls/12_2/12_2_6.pdf; reprinted in Ama-gi: Journal of the Hayek Society at the London School of Economics, Vol. 1, No. 1, pp. 22-25

Block, Walter E. 1999. “The Gold Standard: A Critique of Friedman, Mundell, Hayek, Greenspan from the free enterprise perspective,” Managerial Finance, Vol. 25, No. 5, pp. 15-33, http://giorgio.emeraldinsight.com/Insight/viewContainer.do?containerType=Issue&containerId=13529http://www.mises.org/etexts/goldcritique.pdf

Block, Walter E. 2006. “Fanatical, Not Reasonable: A Short Correspondence Between Walter E. Block and Milton Friedman (on Friedrich Hayek’s Road to Serfdom).” Journal of Libertarian Studies, Vol. 20, No. 3, Summer, pp. 61-80; http://www.mises.org/journals/jls/20_3/20_3_4.pdfhttps://mises.org/system/tdf/20_3_4.pdf?file=1&type=document

Block, Walter E. 2013A. “Was Hayek an Austrian economist? Yes and no. Was Hayek a praxeologist? No.” Hayek and Behavioral Economics; Palgrave Macmillan; pp. 70-89; Roger Frantz and Robert Leeson [rleeson@stanford.edu] editors; http://www.palgrave.com/products/title.aspx?pid=509789http://www.palgrave.com/PDFs/9780230301160.pdf

Block, Walter E. 2013B. “Hayek is no Rothbardian.” December 21;


Barnett, William II and Walter E. Block. 2006. “On Hayekian Triangles.” Procesos De Mercado: Revista Europea De Economia Politica; Vol. III, No. 2, Fall, pp. 39-141; http://mises.org/journals/scholar/block18.pdfhttp://www.academia.edu/1359916/On_Hayekian_Triangleshttp://papers.ssrn.com/sol3/papers.cfm?abstract_id=1880543

Hoppe, Hans, on Hayek: https://www.google.com/search?sourceid=chrome-psyapi2&ion=1&espv=2&ie=UTF-8&q=Hans%20Hoppe%20FA%20Hayek&oq=Hans%20Hoppe%20FA%20Hayek&aqs=chrome..69i57.6480j0j8

Block, Walter E. and Kenneth Garschina. 1996. “Hayek, Business Cycles and Fractional Reserve Banking: Continuing the De-Homogenization Process,” Review of Austrian Economics, Vol. 9, No. 1, pp. 77-94; http://www.mises.org/journals/rae/pdf/rae9_1_3.pdf;


Best regards,


From: Walter Block <wblock@loyno.edu>

Sent: Monday, December 07, 2020 9:53 PM

To: ‘Joshua Crosby’

Subject: RE: Hillsdale college

Dear Joshua:

Here is the Hillsdale econ, accounting and biz dept: https://www.hillsdale.edu/about/our-faculty/?departments=eco-bus-acc

The only economist I know of is Ivan Pongracic, and he’s very good.

Here is Loyola’s econ dept:


All four of us are staunch Austrian economists and libertarians.

To do further research, look at the cvs of all these people.

Why do I choose economics? There are many other departments in both places. I suppose I am biassed in that direction. It think it is the most important discipline in terms of promoting liberty.

If I can be of any further help in your deliberations, please feel free to call upon me.

Best regards,



8:37 am on April 18, 2021

Political Theatre

LRC Blog

LRC Podcasts