|Peter Boettke|
The CCA Lectures at Hillsdale College are now posted. Lectures from Israel Kirzner, and Lawrence White highlight the event. My talk tried to demonstrate (or illustrate) the continuing relevance of Mises, Hayek, and the Contemporary Austrian School to the practical and troubling problems that western democracies must grapple with. The problems I identify relate to fiscal irresponsibility, monetary mischief, and regulations and restrictions that result in rent-seeking behavior and reduce labor market fluidity.
As Hayek said in his Nobel Prize lecture, we as an economics profession have made a mess of things. And, I try to communicate in my lecture -- we as Austrian school economists, and especially the young people in that audience, have a lot of work to do in cleaning up that mess. But before we get to cleaning up, it is vital that we understand the nature, extent and why we are in this mess to begin with. So I suggest to the audience, best to start with Hayek's Tiger By the Tail, which discusses the monetary consequences of Lord Keynes, and Buchanan and Wagner's Democracy in Deficit, which discusses the fiscal consequences of Lord Keynes.
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