Friday, March 12, 2010
Too Good for the Comments: Ebeling on Mises the Applied Economist - Coordination Problem: "But Mises made did not make his living as a grand theorist. For almost a quarter of a century, from 1909 to 1934 (except for most the years of the Great War), Mises worked as economic policy analyst and advisor to the Vienna Chamber of Commerce. From the age of 28 to 53 (at which time he moved to Geneva, Switzerland to accept his first full-time academic position as the Graduate Institute of International Studies) he spent his working day as a “policy wonk.” And I mean a “policy wonk” – someone immersed in the factual details and economic policy specifics of, first, the old Austro-Hungarian government and, then, the Austrian Republic between the two World Wars. His statistical knowledge of “the facts” of fiscal policy, regulatory legislation, and Austrian monetary institutions and policy was precise and minute."
Mises has some very interesting ideas I want to see more of.
Posted by Stephan at 4:22 PM