The early days of American Austrian economics

by on May 22, 2014 at 2:11 pm in Economics, Education, History, Uncategorized | Permalink

John Blundell has a captivating report (pdf), here is one bit:

When Hayek asked Bartley to do the biography he said: “There are only three things that sell books namely sex, money and violence. As to sex, well, I left my first wife for my first girlfriend. As to money, well, I never had any. And as to violence, let me tell you how I came to bayonet a man to death in World War One!”

For the pointer I thank Yana.

1 dearieme May 22, 2014 at 2:48 pm

Which of the two said it?

2 andrew' May 22, 2014 at 4:48 pm

The wife.

3 Steven Kopits May 22, 2014 at 6:28 pm

So who did the bayonetting?

4 So Much For Subtlety May 22, 2014 at 10:39 pm

The first or the second?

The more interesting question is what he means by “first girlfriend”. Does he mean that he had never had a girlfriend before he got married? Or does he mean he dumped the mother of his children to go back to his high school sweet heart?

5 Art Deco May 22, 2014 at 11:54 pm

By some sources, his 2d wife was slightly older than his first, and a cousin. So, apparently.

6 Dana Syriani May 22, 2014 at 2:59 pm

It is sad to say there is complete truth to this statement. Our youth is being poisoned by the social media, as well as books, due to the topics that can sell. By misleading the audience, sex,, violence, and money become ones main goal in life. It all circles back in a monetary cycle why do they advertise sex an money daily… To obtain a vast audience, sky rocketing their listeners as well as their income. Our world is corrupted by money, but there is no way around it it’s a necessity of life

7 FXKLM May 22, 2014 at 3:40 pm

I think it’s safe to say that the youth of the early 80s were not poisoned by social media.

8 Roy May 22, 2014 at 5:20 pm

Oh yes we were, we had three way calling and the nerds could use dial-up and bbs.

I tell you it has all gone down hill since the Symbol Maker’s Teenage Son travelled across the river, as so capably re enacted by Robert Vaugn in the brilliant historical film “Teen Age Caveman”

9 bobspaulding May 23, 2014 at 10:47 am

Did you know actor Robert Vaughn had a PhD in Philosophy?

10 A May 22, 2014 at 5:31 pm

I like to ignore data and speak nonsense too!

11 Steven Kopits May 22, 2014 at 6:27 pm

I agree completely.

While I think we do enough discussing of money and finance on this blog, and I find the discussions of sex and violence sadly lacking. Shockingly inadequate, really.

I think, Tyler, you should take a more commercial attitude towards your posts hereafter and give us–your public–what we want.

12 So Much For Subtlety May 22, 2014 at 7:07 pm

Perhaps you could start by asking who is the most bang-able economist working today?

I have to say it is a tough field to make a choice in, but I would have to go with the wife-beating Thomas Picketty. So dreamy.

However I think Bartley sells himself and Hayek short. Didn’t someone actually make money with a book about Hayek and Wittgenstein *not* coming to blows?

13 Florian May 22, 2014 at 8:39 pm

” Didn’t someone actually make money with a book about Hayek and Wittgenstein *not* coming to blows? ”

Don’t know about that.
But on a related note, there exists a video of Wittgenstein playing football against some other philosophers:

14 So Much For Subtlety May 22, 2014 at 10:31 pm

I think we should be grateful we don’t have his tweets as a 15-year old.

I know a recording of Bertrand Russell exists. I wonder what the oldest recording of any significant philosopher is?

15 Jimmy May 22, 2014 at 9:36 pm

Wittgenstein and Popper.

16 vetr May 22, 2014 at 10:54 pm

Oldest recording, significant philosopher, Shroud of Turin, Verb. sap. sufficit.. Also, the Wittgenstein Popper poker incident was described in The Warden, a novel by Anthony Trollope.

17 Sam Haysom May 23, 2014 at 2:02 am

Vetr I think you must either mean predicted or you must just be completely wrong. Trollope was long dead before the incident occurred. Long dead before Wittgenstein was even born in fact.

18 vetr May 23, 2014 at 9:54 am

Sam Haysom – Predicted was the right word for the Trollope poker incident

19 Thor May 23, 2014 at 3:21 am

Popper poked with a poker, probably.

(Not falsifiable though.)

20 Govco May 22, 2014 at 7:36 pm

If they weren’t Austrians, they’d tighten that loose “monetary cycle” by targeting nominal SVM.

21 Careless May 22, 2014 at 8:49 pm

Those damned libraries: notorious centers of violence.

22 So Much For Subtlety May 22, 2014 at 10:33 pm

Casanova ended up as a librarian in Bohemia. So they might be notable centers of sexual intrigue. I am not sure of any notably murderers who ended up working as librarians. But there must be some.

23 do you take fiction? June 2, 2014 at 12:05 pm

can’t help but think of Jorge of Burgos

24 HogFan May 22, 2014 at 8:03 pm

Fun fact: when Hayek was getting his divorce, he was teaching at the University of Arkansas. We had quickly divorces down here so he took a spot for a year at the UofA.

Not entirely sure of the details but I believe he taught finance.

25 Ray Lopez May 23, 2014 at 12:25 am

Here is an interesting excerpt from the article. I wonder if David Theroux is from the same family as the famous travel writer, or related to J. Aniston’s current boyfriend. Dearime, where are you to comment on the Koch brothers below? Note they were interested in Austrian economics long before it was fashionable. RL

Whose idea was South Royalton? Charles [Koch] was very much interested in Austrian economics. He brought Mises to Wichita in the late ‘60s and Bob Love [another prominent Wichita businessman] brought [Hans] Sennholz every year. Charles saw [Murray] Rothbard as a “fertile mind” and was interested in getting Murray’s input at IHS after Baldy died in April 1973. Charles, Murray and I all wanted to push Austrian economics at IHS and Charles agreed to fund conferences and books. While we were searching for someone to run IHS

The Charles Koch Foundation’s first activities were conferences like the one you ran in London and the speaker program that David Theroux ran in Chicago. This was 1976.


26 The Anti-Gnostic May 23, 2014 at 2:27 pm

I think the Kochs and the Austrians had a big blow-up some time in the past ten years.

The Mises Institute folks seem to be really good at pissing off everybody and burning down the bridges as they stomp away from former allies, seething with righteous indignation.

27 Carl May 24, 2014 at 11:32 pm

Pissing people off is easy

28 andrew' May 23, 2014 at 4:58 am

No no no! Money BUYS books. Demand!

Comments on this entry are closed.

Previous post:

Next post: