Mises Daily
Author:
Ralph Raico
Online Publish Date:
figures in the development of Austrian economics habitually took positions on policy issues that they held to be somehow grounded in their economic doctrines. argued that there are affinities between a macroeconomic approach and antiliberal policies. Hayek, for instance, wrote of the shift of interest from micro- to of interest, and roundabout production, if the long run price (Dauerpreis) of free competition is reached” (1957, p. 417). This “social ontology” — an earlier version