http://www.yazadjal.com/2004/01/17/postrel-on-hayek/ Wed, 07 Jan 2009 03:44:44 +0000 http://wordpress.org/?v=2.0.1 http://www.yazadjal.com/2004/01/17/postrel-on-hayek/#comment-507 Tue, 30 Nov 1999 00:00:00 +0000 http://www.yazadjal.com/2004/01/17/postrel-on-hayek/#comment-507 Very good article, by Postrel. I hate to feel like I am going to be mainstream in a few years for liking Hayek, the novelty of having faith in distributed decision systems is fast wearing thin. lol. But its a good thing ofcourse, I think Mises is supposed to have said at one time, that Ideas proliferate through intellectuals, all it needs for an idea to suceed is for the mass of intellecuals to beleive in it. But then again maybe this is what Keynes was talking about, when he said "Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back. I am sure that the power of vested interests is vastly exaggerated compared with the gradual encroachment of ideas." (Chp 24(V), General Theory). I wonder which Madman will distill Hayek, there are some people who beleive it was Pinochet. Very good article, by Postrel. I hate to feel like I am going to be mainstream in a few years for liking Hayek, the novelty of having faith in distributed decision systems is fast wearing thin. lol. But its a good thing ofcourse, I think Mises is supposed to have said at one time, that Ideas proliferate through intellectuals, all it needs for an idea to suceed is for the mass of intellecuals to beleive in it. But then again maybe this is what Keynes was talking about, when he said “Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back. I am sure that the power of vested interests is vastly exaggerated compared with the gradual encroachment of ideas.” (Chp 24(V), General Theory). I wonder which Madman will distill Hayek, there are some people who beleive it was Pinochet.

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