Monday, August 30, 2010

Spreading Hayek, Spurning Keynes

That is the title of article which profiles GMU Professor Peter J Boettke in the WSJ.

One thing I find horrible to see is the following lines:

  • In 1990, Mr. Boettke landed a job at New York University. "It was a dream come true," he says. Economics at NYU had legendary Austrian roots, but the school started to move toward a more standard mathematical approach, former colleagues say. Mr. Boettke was denied tenure in 1997, a blow to his personal ambitions.

  • The period also marked a low point for the Austrian field. Its philosophical approach looked old-fashioned amid the mathematical models dominating modern economics.

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