Quarterly Journal of Austrian Economics

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When I Was Six

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08/25/2015William J. Boyes

Quarterly Journal of Austrian Economics 18, Number 2 (Summer 2105)

Murray Rothbard told us that liberty is what allows human flourishing, that liberty requires private property rights and the non aggression principle (NAP), and that this nation was conceived in liberty.

What do mainstream economists tell us today? I attended a seminar in my department a few weeks ago. As everyone walked into the room, the presenter had an equation showing on a powerpoint slide via a projector. Before really getting started, a lively discussion began—all about whether the function should be Cobb-Douglas or CES and whether the data were aggregated in one way or another and whether this or that parameter should be present. This is what passes for economics these days in mainstream departments. ...

Murray N. Rothbard Memorial Lecture
Austrian Economics Research Conference
Ludwig von Mises Institute
Auburn, Alabama
March 12, 2015
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