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The Politicization of Academia

  • Robert Leeson
Chapter
Part of the Archival Insights into the Evolution of Economics book series (AIEE)

Abstract

Policy advocates often co-align on multiple fronts: market failure deniers (and climate change deniers in particular) are often proponents of ‘free’ market ‘liberty’ for the financial sector. Hayek referred to the Greens as the new barbarians in our midst; had he been a younger man, he would have concentrated on exposing Greens, instead of focusing almost exclusively on exposing Reds. As a forecaster, Hayek was ‘a little mistaken’ in his diagnosis of the postwar development’ (he was out by two decades); while Mises insisted that ‘policies of nonintervention prevailed—free trade, freely fluctuating wage rates, no form of social insurance, etc.—there would be no acute unemployment.’ After eight years of the ‘free’ market, real Russian per capita income fell 80%; 30% of Russians sank below the poverty line; life expectancy for Russian adult males declined by five years; and 40% of Russia’s children were chronically ill. Post-Communist Russia became ruled by a ‘small, self-perpetuating oligarchy’—an outcome that Murray Rothbard promoted.

References

Archival Insights into the Evolution of Economics (and Related Projects)

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Copyright information

© The Author(s) 2018

Authors and Affiliations

  1. 1.Department of EconomicsStanford UniversityStanfordUSA
  2. 2.Notre Dame Australia UniversityFremantleAustralia

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