CRITICS OF AUSTRIAN ECONOMICS

“…the arrogance of libertarians…in asserting the infallibility of their deductive systems is a match for the arrogance they denounce in efforts at socialist planning.”

 

Methodology General

Books:

Karl Popper – The Logic of Scientific Discovery
Hutchinson, 1959

Milton Friedman – Essays in Positive Economics (online: chapter 1)
University of Chicago Press, 1966

Jonathan Baron – Thinking and Deciding
Cambridge University Press, 1988

David M. Kreps – Game Theory and Economic Modelling
Oxford University Press, 1991

Gary King, Robert O. Keohane and Sidney Verba – Designing Social Inquiry
Princeton University Press, 1994

Austrian Methodology

Jacob Viner – Some Problems of Logical Method in Political Economy
Journal of Political Economy, Vol. 25, No. 3, March 1917, pp. 236-260

Frank H. Knight – Professor Mises and the Theory of Capital
Economica, 1941

Robert Nozick – On Austrian Methodology
Synthese 36, 1977: 353-392

Gerard Radnitzky – Reply to Hoppe: On Apriorism in Austrian Economics (pdf)
Radnitzky, Gerard and Bouillon, Hardy (eds.), Values and the Social Order (2 Volumes), Aldershot (England): Avebury 1995: 189-194.

Bryan Caplan – Why I Am Not An Austrian Economist

Harold Demsetz – Block’s Erroneous Interpretations (pdf)
Review of Austrian Economics, Vol. 10, No. 2, 1997

Paul B. Trescott – Murray Rothbard Confronts Adam Smith (pdf)
Quarterly Journal of Austrian Economics, Vol. 1, No. 1, 1998

Spencer J. Pack – Murray Rothbard’s Adam Smith (pdf)
Quarterly Journal of Austrian Economics, Vol. 1, No. 1, 1998

Thomas Mayer – Boettke’s Austrian Critique of Mainstream Economics: An Empiricist’s Response
Critical Review, Vol.12, Nos.1-2, Winter-Spring 1998

Warren J. Samuels – Murray Rothbard’s Austrian Perspective on Warren J. Samuels the History of Economic Thought
Critical Review, Vol.12, Nos.1-2, Winter-Spring 1998

Bryan Caplan – The Austrian Search for Realistic Foundations (doc)
Southern Economic Journal 65(4), April 1999: 823-838

Nicolai Foss – Austrian Economics and Game Theory: a Stocktaking and an Evaluation (pdf)
Review of Austrian Economics, 13: 41-58, 2000

Peter Hans Matthews and Andreas Ortmann – An Austrian (Mis)Reads Adam Smith: A Critique of Rothbard as Intellectual Historian (pdf)
October 1999, revised January 2000.

Bryan Caplan – Probability, Common Sense, and Realism: A Reply to Hülsmann and Block (doc)
Quarterly Journal of Austrian Economics 4(2), Summer 2001: 69-86.

Bryan Caplan – Economic Calculation, Quantitative Laws, and the”Impossibility” of Socialism (doc)
June, 2002

Joe Dunsmore – Why We Can’t Associate Too Closely with the Austrians
Anti-State.com, January 31, 2003

Arnold Kling – The Sect of Austrian Economics
Tech Central Station, November 11, 2003

The Austrian Theory of the Trade Cycle

Gordon Tullock – Why the Austrians Are Wrong About Depressions (pdf)
Review of Austrian Economics 2, 1987: 73-78

Gordon Tullock – “Reply to Comment by Joseph T. Salerno (pdf)
Review of Austrian Economics 3, 1989: 147-49.


Fractional Reserve Banking

Gene Callahan – The Libertarian Case Against Fractional-Reserve Banking
Anti-State.com, July 22, 2003

Moral, Political and Legal Philosophy

L.A. Rollins – The Myth of Natural Rights. Reviewed by Jorge Amador
The Pragmatist: A Utilitarian Approach, Vol. 2, No. 1, September 1984

David Friedman – Some Brief Comments on Hoppe’s Justification of the Private Property Ethic
Liberty Magazine, 1987

Hardy Bouillon – Libertärer Anarchismus – eine kritische Würdigung
Aufklarung und Kritik, 1998

Bob Murphy and Gene Callahan – Hans-Hermann Hoppe’s Argumentation Ethic: A Critique
Anti-State.com, September 19, 2002

Frank van Dun – Against Libertarian Legalism: A Comment on Kinsella and Block (pdf)
Journal of Libertarian Studies, Volume 17, Number 3, Summer 2003

Hans-Hermann Hoppe – Property, Causality, and Liability (pdf)
Quarterly Journal of Austrian Economics, Volume 7, Number 4, Winter 2004
Note: A critical review of Murray Rothbard’s “strict liability theory”.

Frank van Dun – Organised Chaos
Lecture notes Libertarian Spring Convention, Leiden, April 3, 2004

Frank van Dun – Natural Law and the Jurisprudence of Freedom (pdf)
Journal of Libertarian Studies, Volume 18, Number 2, Spring 2004

Henry R. Sturman – A comment on Hans-Hermann Hoppe’s ideas on democracy and monarchy

Walter Block – Plumb Line Libertarianism: A Critique of Hoppe
unpublished manuscript

Austrian Economists

Tom G. Palmer – Lew Rockwell’s Vienna Waltz (comment)
Liberty, September 1997

Ralph Raico – Mises and Monarchy (retort)
Liberty, November 1997

Tom G. Palmer – For Mises’ Sake (riposte)
Liberty, January 1998

Justin Raimondo – An Enemy of the State: The Life of Murray N. Rothbard
Reviewed by David Ramsay Steele. Liberty, November, 2000

Jim Peron – Von Mises Washed in the Blood of Jesus
Laissez Faire City Times, Vol. 6, No. 2, January 14, 2001