The Reason Foundation funds a communist

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SDAE dinner in San Antonio at the SEA meetings. The cost this year will be the same as last year: $85 (with grad students at half price). That price includes two free drink tickets. The drinks and the graduate student subsidy are courtesy of a generous grant from the Reason Foundation.

This dinner is in honor of Theodore Burczak, the winner of the 2007 Smith Center Annual Prize in Austrian Economics, who has recently written:

Socialist objectives can be achieved in a market context with the rule of law if market socialism were to take the form of competitive worker-owned and self-managed enterprises, supplemented by universally available welfare redistributions, which could include a basic income, universal capital grants, or education and health insurance vouchers.

Source: Review of Austrian Economics

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"universally available

"universally available welfare redistributions, which could include a basic income, universal capital grants, or education and health insurance vouchers."

Funded by theft?

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Prepare & Share the Message of Freedom through Positive-Peaceful-Activism.

They fund him because he

They fund him because he reasons within the Austrian framework, not because of the conclusions he comes to. I guess Reason reckons encouraging Austrian economics is important in and of itself, not simply because it's practitioners tend to agree with them politically. I haven't read the book, but can't imagine Burczak arriving at the headline grabbing conclusions without making some rather disputable assumptions about human nature. But even so, as long as he reasons economically, his book has got to be a huge step forward from the mechanical curve fitting and pure deference to quasi religious authority that passes for macro-"economics" in the Keynesian world.

Burczak would prevent you from working for capitalists.

Do you agree that people should not be permitted to work for capitalists?

Theodore Burczak writes:

It is unjust for people to sell their labor time: not only do the people have a natural right to the product of their labor, they also have an inalienable right to their labor time, a right that should not be transferred even with consent.

Workers should not be permitted to cede to a capitalist both the legal responsibility for the firm’s output and the liability for their labor time.

Steve Horwitz concurs:

Labor-managed firms themselves are not antagonistic to the market economy. Even if other forms of employment contract are not legally permitted, such firms still exist in a market context where competition and profit and loss determine their success or failure.

Or do you agree that people should be free to work for whomever they want to?

Milton Friedman writes:

An essential part of economic freedom is freedom to use the resources we possess in accordance with our own values – freedom to enter any occupation, engage in any business enterprise, buy from and sell to anyone else, so long as we do so on a strictly voluntary basis and do not resort to force in order to coerce others.

In my Critique of Burczak Socialism after Hayek I write:

The classic example of property that people “own,” in the sense that their name is on the deed, but do not actually own, is rent-controlled apartment buildings. The “owner” cannot rent it at a fair price but, under penalty of law, he must maintain it lest he be fined for safety violations. Burczak would put common laborers in the same predicament. They would “own” their labor ability but, under penalty of law, they cannot hire themselves out to capitalists. Since they must maintain their labor ability (feed, clothe and house themselves), they are forced to work for one of Burczak’s labor-managed firms. Basically, this is slavery.

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Shaka, you so crazy! www.sniperflashcards.com

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Shaka, you so crazy! www.axiomaticeconomics.com

Stuki:

Do you agree with Burczak/Horwitz or Milton Friedman?

________________________________________

Shaka, you so crazy! www.sniperflashcards.com

____________________________________

Shaka, you so crazy! www.axiomaticeconomics.com

I dont mind it. Austrian

I dont mind it. Austrian economics has been way too politicized.

Ventura 2012

Hahaha!

Oh, they dig themselves deeper into a hole every day, it seems.