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Economist who believes that time preference is true a priori, but only because U=∑C(t)→∞ when C(t)≥ε>0 ∀ t where t is an index for an infinite number of periods of time.
👉 An anon fought fourteen Twitter exchanges to prove that Hoppe was a greater thinker than Hayek. At his death-bed, his confessor desired him to acknowledge the superiority of Hayek. “Father,” answered the dying anon, “to tell the truth, I never read either Hoppe or Hayek.”
I never see @FAHayekSays posting these sorts of Hayek quotes
Friedrich A. Hayek on students he doesn't like. From an interview with Robert Chitester (1978)
-bbbut there are examples of market not clearing ! -It's in the paper. -bbbut unfulfilled expectations exist ! -It's in the paper. -bbbut entrepreneurial err... -It's in the paper. -bbbut.. -Paper.
I address the "isn't this just semantics" in the paper. You should read it!
"Such is the continuous market, which is perpetually tending towards equilibrium without ever actually attaining it, because the market has no other way of approaching equilibrium except by groping." -Léon Walras, 'Elements of Pure Economics' (1874).
Going forward, if I ever make a Böhm-Bawerk roundabout joke I will use the Milton Keynes roundabout image specifically
Dark economics
Herbert Davenport's list of some "productive occupations." From 'The Economics of Enterprise' (1913).
From a letter written to Karl Marx complimenting his critique of mathematical derivatives: "Last week in a dream I gave a chap my shirt-buttons to differentiate, and he ran off with them." -Friedrich Engels (August 10, 1881).
Take the Miseshead pledge: I will not do maths I will not listen to empiricists I will not watch Friedman videos I will not get a Nobel Prize
If Friedrich Hayek and Immanuel Kant met, what do you think they’d say to each other?
Why is it called the “Austrian School” when their founder, Adam Smith, was English?
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