Mises was wrong about value, and so is everyone else
Written by Hadley Bennett, Posted in Uncategorized
Mises was wrong. About a lot of things. In economics, and especially in philosophy—which just means especially in economics. First, to be reasonable, you try and get away with saying that Mises was a good economist, but a terrible philosopher. Folks who style themselves as intellectuals almost automatically concede this—as a form of gut reaction. If it’s not his speciality, the tendency is to want to avoid going out on a limb and defending the undefendable. After all, everyone knows that non-specialists never have anything interesting to say. Or even if it is interesting, it’s wrong. That’s where the priors […]
