Tuesday, June 2, 2009

All-Hayekian Fantasy Economics Team?

This is a great post over at Taking Hayek Seriously:

Larry Elliott, economics editor of the Guardian, takes a look at the economics profession and sees a professoriate detached from reality and incapable of fielding an “Fantasy Football” team of living All-Stars to fill out a modern “TEAM KEYNES” or contemporary “TEAM HAYEK”. You’ll find a bit of Elliott’s case quoted below. But I’m not so sure Elliott is right, as least in the instance of Hayek, even by Elliot’s own criteria. What Elliott is looking for are top notch modern day Hayekian or free market economists keenly interesting in explaining how the world actually works, with a healthy skepticism toward mathematical models or formalism for its own sake. Here are my own top ten draft picks for “TEAM HAYEK”. You can add your own in the comments.

No. 1 Draft Pick: DOUGLASS NORTH

No. 2 Draft Pick: ROBERT HIGGS

No. 3 Draft Pick: ISRAEL KIRZNER

No. 4 Draft Pick: VERNON SMITH

No. 5 Draft Pick: ROGER GARRISON

No. 6 Draft Pick: PETER BOETTKE

No. 7 Draft Pick: LAWRENCE WHITE

No. 8 Draft Pick: JAMES BUCHANAN

No. 9 Draft Pick: GEORGE SELGIN

No. 10 Draft Pick: HERNANDO DE SOTO

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