Thinking globally, as a dad, and as a libertarian

There’s no reason to keep writing. I have an nine month-old (nine-month old?) boy and a twenty-nine month-old girl. My vote doesn’t matter. I’ve lost my zest for ideas and events. Nobody cares what a libertarian has to say anymore, anyway. We’re back in the wilderness, wandering aimlessly and pettily bickering with each other about the stupidest things. We had our moment, we truly did, and it got flushed down the toilet along with the big, racist turds we dropped in the porcelain bucket.

Something in the world of ideas has turned stale. Or, I’ve gone stale. I don’t think I have, though. I’ve been reading plenty of books and plenty of internet, and much of it is enjoyable and provides me with a better sense of the world I inhabit. Has the world of ideas always been this stale? Has “the world of ideas” been a Big Lie to begin with, a cover-up invented by political strategists to influence youth and vie for power?

Libertarianism itself is no longer what I thought it was. Consider Syria. What’s a libertarian to do? A libertarian from the US would probably say that his country’s military leaving Syria is a good thing. A libertarian from Syria would probably say that the US leaving Syria is a bad thing. Actually, this is pretty cool now that I’ve thought about it. What is the libertarian position on Syria? Abandon it and regroup somewhere else? Would this “somewhere else” then become a fortress of libertarianism? Would it become a launching pad for military action, for violent acts of aggression against an equally violent polity?

Libertarianism seems to work great in an American institutional context, but what happens when libertarianism moves abroad? Now, I’m not about to go all sideways (to borrow a phrase from an old black cook that I know here in Texas). I’m still a libertarian, but only because it’s the least bad option out there. The world could use more liberty. This liberty can be gained through non-violent indigenous means most of the time. As a citizen of the world’s big, bad hegemon, this is the position I have a duty to take. If I was born in, say, Kurdistan, though, or Angola, violence might be the best least bad option to take en route to more liberty.

Edwin’s 2014 post continues to impress. Is this because I am getting older? Is this because I have other shit to do besides ensure (online…) that liberty remains as pure as possible?

Nightcap

  1. French financial experts are anything but Diego Zuluaga, Alt-M
  2. The beauty of Soviet anti-religious art Roland Brown, Spectator
  3. Obama, Erdoğan, and the Syrian rebels Seymour Hersh, LRB
  4. Europe, Turkey, and the Kurdish rebels Bill Wirtz, TAC

10 Best American novels of the past half century

Tyler Cowen recently flogged the state of American literature, and for good reason: American literature, like American society as a whole, has always been a bit provincial despite the fact that it’s a commercial republic. Ours is, as Tocqueville once observed, a “disagreeable and talkative patriotism,” and not fit for stories universal in scope. American literature is provincial despite the fact that the republic is the world’s hegemon, too. Again Tocqueville: “in democratic nations a writer can flatter himself that he may get a mediocre renown and a great fortune cheaply.” There is also the fact of the world having too many wonderful writers in it, dead or alive. If you want to enrich yourself, you simply must read as much foreign literature as possible.

Yet it’s hard to believe that American literature, despite its provincialism, is too American for readers around the world to enjoy. The commercial nature of our mores (“I do not know a country where the love of money holds a larger place in the hearts of man,” says Tocqueville of the United States), the sheer size of our republic (325 million people give or take a few million), and the extent to which our cultural grasp has rooted itself worldwide is sure to produce a cosmopolitanism of some scope.

So, I present to you the 10 best American novels produced over the last half century. I do this not out of a vulgar or even talkative patriotism, but out of a respect for the less-heralded cultural underpinnings of the republic, the ones that celebrate and encourage – quietly (almost humbly) – timeless and universal tales about humanity in all its facets.

Fifty years back takes us to 1969. The postwar boom has faded. The so-called Thirty Glorious Years are almost over. The Cold War against the Soviets will be fought for another 20 years. The buzzword of note, in the press and among the wonkish and literary elite, is “de-industrialization.” There are riots in the streets. A once-confident republic is less sure of itself than it has been since its founding era, and has even discovered, perhaps for the first time in its short history, a sense of self-loathing and despair. It is against this mainstream cultural backdrop that the following list comes from:

10. Ham on Rye (1982) by Charles Bukowski. At number 10, Bukowski, known more for his poetry than his novels, barely makes the cut. And Ham on Rye is, at first glance, not a particularly strong choice. It’s about being white trash, which is an essentially American identity (or it was up until ten or twenty years ago). A second glance reveals a more universal theme, though. Henry Chinaski’s mother is from another country. She married a foreign soldier, bore his child, and left her own country for what she thought could only be a better life in the occupying soldier’s homeland. Bukowski’s book is of global relevance.

9. Humboldt’s Gift (1975) by Saul Bellow. Every sentence in Bellow’s story is a breath of fresh air. Every character is memorable. Every theme to be found has universal appeal. This one should probably be ranked higher, to be honest. Bellow’s writing surely pushes the conservative reader of 2019 deeper into his despair over the decay of the republic. Philistines take note: read this one first.

8. Beloved (1987) by Toni Morrison. Yes, I know Morrison just died, but this book would still be on the list even if she was still among the living. Like the ghost in her novel, Morrison’s story will haunt you. Slave novels and haunted houses are as American as apple pie, you say, but what about a runaway slave’s dead baby ghost? Ghosts themselves play a prominent role in much of the world’s literature, as does slavery. Beloved is a world-class tale, though, not only for its subject matter but its themes as well: deep, sorrowful pain and love well-earned.

7. The Echo Maker (2006) by Richard Powers. The intelligence of Richard Powers is overwhelming. His stories are based on the experiences he’s had within America’s scientific and literary institutions. His voice is therefore too American, too literate, unless it’s used to tell a story about a man who seems to have gone insane. The definition of insanity varies across cultures and within the medical profession, but every society has crazy people in it, and Powers’ storytelling ability gives to this notion a new foundation.

6. The Namesake (2003) by Jhumpa Lahiri. This is a debut novel from a prize-winning author, and it’s been overlooked precisely for that reason. It, at first, seems far too American to make this list. There’s the bored housewife driven to philandering, of course, but also the son of immigrant parents who just can’t seem to please anybody. Yet the world now is filled with immigrants and most of them don’t seem to care much about the American Dream. They dawdle, they doodle, and they do their best to come to terms with their dual identities, much as Gogol does in this story. The Namesake is a deceptively great story.

5. Breakfast of Champions (1973) by Kurt Vonnegut. Vonnegut? Maybe, but Breakfast of Champions is too weird to be universal. Shouldn’t the novel that came before Breakfast of Champions get the nod here? Folks, the world is a strange, sometimes violent place, and Vonnegut’s seventh novel captures every essence of such a cold, hard fact. Much of this story screams “too American,” but if you assigned this book to high schoolers in any country of the world, they’d remember it well into old age.

4. The Birth of the People’s Republic of Antarctica (1983) by John Calvin Batchelor. The list’s dark horse, Batchelor’s novel is American literature’s best-kept secret. The story is a familiar one for people around the world. It’s about the unwanted, and it begins in a bar in Stockholm packed with American military deserters and draft dodgers. Throughout the novel, which is peppered with big words and leans heavily on Norse mythology, the United States is never reached, never touched. In fact, none of the story takes place in the United States at all. The protagonist instead floats from Sweden to Antarctica and is beset by a series of horrific events. Americans will think this book weird, but foreigners will understand it just fine.

3. Blood Meridian (1985) by Cormac McCarthy. A cowboy tale. The Wild West. Nothing says “too American” like a Western, you say, but frontier stories are surprisingly universal (think of Facundo, for example, or even War and Peace). Cormac McCarthy has produced several good works, including some that would give the 1990s a spot on this most prestigious of lists, but Blood Meridian is his best novel. At the risk of sounding provincial myself, I’d argue that it’s the best book on the frontier, ever.

2. Middlesex (2002) by Jeffrey Eugenides. There’s not much to add to the commentary on this one. It’s a masterpiece, and one that is obviously global in scope. There is little about this book that is too American, and much to be excited about for America’s future; despite the republic’s many failures it is still the world’s cultural powerhouse. Middlesex contributes to this tradition, and its impact will be felt around the world for decades to come.

1. The Known World (2003) by Edward P. Jones. As good as the other nine books are on this list, The Known World is easily the greatest American novel of the past half century. Surely two slave novels in a list of America’s 10 Best is one too many, and far too American for a list with such cosmopolitan aims. No. The Known World is a work about good, evil, and moral ambiguity. It is a blueprint for the future and an explanation of the present. It perfectly encapsulates the world we’ve always lived in. Jones accomplishes this task with aplomb, and he uses chattel slavery to do it. That’s rare. This novel is a gift to the world, from a people whose cosmopolitanism and morality is often overshadowed by the power of their military and the reach of their clandestine operations.

Further thoughts

Yes the 1990s were garbage, as is this decade, but who knew the aughts were such a great time? How much of an impact did 9-11 have on our literary class?

Yes I know there are a lot of good books written by Americans. If your favorite American novel from the past 50 years is not on this list, it’s because it’s too American (too provincial) or not quite up to the Christensen Snuff.

Yes I know there’s no science fiction or fantasy on this list, and that science fiction and fantasy are just as intellectually stimulating as traditional literature.

Now, back to Feyerabend!

Nightcap

  1. Not all Indian reservations are alike Ryan McMaken, Power & Market
  2. Is the UK about to become Canada? Scott Sumner, EconLog
  3. Why economists are wrong so often Chris Dillow, Stumbling & Mumbling
  4. Life, fate, and the assault on liberalism Gideon Rachman, Financial Times

Nightcap

  1. The Big Lie about corporate power is disintegrating in front of our eyes Monkey Cage
  2. How close is Hong Kong to a second Tiananmen? Jude Blanchette, Foreign Policy
  3. Preaching the American Gospel Glenn Moots, Law & Liberty
  4. Aging, death, and the law Joona Räsänen, Aeon

A short note on Ethiopia and the African continent

Introduction

Ethiopian Prime Minister Abiy Ahmed was awarded the 2019 Nobel Peace Prize. He is the 12th winner from Africa. The Nobel Committee stated that Abiy had been awarded the Nobel for his efforts towards resolving the border conflict with Eritrea (in September 2018, Abiy and Eritrean President Isaias Afwerki signed a peace deal in Jeddah).

A border war in the years between 1998 and 2000 had resulted in the deaths of 100,000 people, and was responsible for the displacement of over one million people and the splintering of many families. The agreement has helped in reducing tensions between both countries and has led to a number of other important steps; it has paved the way for air connectivity (Ethiopian Airlines resumed its flight from Addis Abbaba to Asmara, the capital of Eritrea after two decades), resumption of communications between both countries (telephone lines had been disconnected in 1998), reduction of military hostilities, and most importantly reuniting of families.

Abiy’s reaction

While reacting to the Nobel Committee’s decision, the Ethiopian Prime Minister said that this reward was not merely for Ethiopia, but the whole of Africa, and hoped that leaders in the region would work towards peace-building.

Said the Ethiopian PM:

…It is a prize given to Africa, given to Ethiopia, and I can imagine how the rest of Africa’s leaders will take it positively to work on the peace-building process in our continent.

It would be pertinent to point out that, in recent years, the outside world has begun to take note of Ethiopia for its economic progress – in spite of numerous political challenges.

In recent years — almost a decade — the country’s economic growth has been a whopping 10% according to International Monetary Fund (IMF) estimates. In 2018, Ethiopia’s growth was estimated at well over 8% (8.5), and was the fastest growing economy in Africa. One of the key factors for Ethiopia’s impressive economic performance has been the shift from the agricultural sector to the industry & service sector and favourable demographics.

Reforms introduced by Abiy Ahmed: Political Sphere

Abiy’s election has generated immense hope, as he has seemed genuine in his commitment to political and economic reforms. During his tenure, a number of political prisoners have been released. There is also a reasonable amount of press freedom. There have been no arrests of journalists ever since he has taken over (2018 was the first year since 2004 when not a single journalist was arrested).

Abiy’s reforms – both political and economic – are significant because in many countries which have made economic progress, leaders have exhibited authoritarian tendencies. In many countries with economic promise, leaders have also failed to bite the bullet, as far as big bang economic reforms are concerned. Abiy, on the other hand, has reiterated his commitment to reforms.

Reforms introduced by Abiy Ahmed: Economic Sphere

In September 2019, Abiy unveiled his vision for economic reform titled ‘Home-Grown Economic Reform,’ which focuses on drawing greater public sector participation, reducing debts, and enhancing foreign exchange reserves. While speaking on the occasion of the launch of the roll out of his government’s agenda, Abiy emphasized on the fact that this approach is holistic: pro-job, pro-growth, and pro-inclusivity.

Privatization of a number of state run enterprises, such as Ethiopian Airlines, Ethiopian Electric Power Corporation, and the sole telecom provider, EthioTelecom, has also been high on the agenda of Abiy ever since he has taken over.

Challenges

This is not to say that all is well in Ethiopia. In June 2019, Ethiopia faced two attacks, one in the Amhara regional capital of Bahir Dar and the other in the federal capital of Addis Ababa. While Abiy has made efforts towards reducing acrimony in the country’s polity, there are still numerous ethnic divisions, and a large number of political players are seeking to cash in on these schisms.

Expectations from Abiy are sky high, and the country faces numerous debts. While his agenda for reforms is well-intentioned, and does represent a significant break from the past, it is rather ambitious and it remains to be seen whether stakeholders involved in the implementation will be in sync with the PM.

Africa no longer the Dark Continent

For very long, many Western commentators have consistently adopted a patronizing approach towards Africa. The Nobel Award to the Ethiopian PM comes at an interesting time. At a time when the whole world is becoming insular, 54 African countries have signed the AfCTA (African Continental Free Trade Area) agreement. AfCTA. This is the world’s largest free trade agreement since the World Trade Organisation).

AfCTA is a crucial step towards strengthening intra-regional trade linkages and overall connectivity. AfCTA has the potential of connecting over 1 billion people, creating a bloc worth over an estimated $3 billion and pushing intra-Africa trade by up to 15-25% by 2040 (as of 2018, intra-regional trade was less than 20%).

It would be pertinent to point out that the Ethiopian PM has on repeated occasions reiterated his commitment to Pan-Africanism, and has been one of the most fervent backers of AfCTA.

Africa is also being viewed as the world’s next manufacturing hub (China has already moved in a big way, though of course many countries are looking to other alternatives). Political stability and investor-friendly policies of course are imperative.

Conclusion

One hopes that other leaders in Africa follow Abiy’s footsteps in focusing on economic and political changes which could pave the way for sustainable growth and prosperity.

For long the world’s attention has been driven by a Western narrative, but in recent years Africa along with Asia has begun to draw attention due to high economic growth rates. If Africa can get its act together, and growth in countries like Bangladesh and Vietnam is sustained, we could witness the rise of new Non-Western groupings (consisting of developing countries from different regions). Such groupings will not be driven by geopolitical compulsions, geographic proximity, or sheer size, but by economic consideration and could play a pivotal role in shaping a new narrative, while promoting globalization, connectivity and free trade.

La Destitution présidentielle aux EU: quelques faits et deux opinions.

Les medias francophones, du moins les quelques uns qui m’arrivent en Californie, sont surexcités à l’idée de la destitution prochaine du President Trump. J’ai l’impression que c’est parce qu’ils ne comprennent pas ce qui se passe. Un coup de main.

D’abord, il faut passer au-delà des faux-amis contre lesquels nos profs d’anglais ne cessaient jadis de nous prévenir.

Impeachment” signifie à peu près “accusation,” ou “inculpation,” je crois, pas “destitution.”

La Chambre des représentants est en mesure de décider sur simple vote majoritaire d’accuser le président en exercise de tel ou tel délit, ou d’une liste de délits. Il n’est pas obligatoire que les délits soient des infraction en droit, vis-à-vis de la loi.

En entamant cette simple procédure, la Chambre obtient de vastes pouvoirs d’enquête, y compris sur la correspondance officielle de la branche exécutive.

La Chambre ayant ainsi voté d’inculper, le liste officielle des délits supposés passe au Sénat qui agit alors en tant que jury. Le président est condamné pour tel ou tel délit par une majorité des deux tiers du Sénat.

Au moment ou j’écris (10/14/19) on ne sait pas si la phase inculpation (impeachment) de la procédure de destitution a même commencé. Les Démocrates affirment que oui, sur simple déclaration de la cheffe de la majorité à la Chambre, Nancy Pelosi.

Les Républicains et la Maison Blanche maintiennent que non, en l’absence d’un vote initiatif de la Chambre. La tradition donne raison aux derniers. La Constitution, par son mutisme, donne raison aux premiers.

En fin de compte, un tribunal decidera sûrement de qui a raison, peut- être assez vite.

En attendant, l’administration Trump oppose un mur à toutes les demandes de documents et de comparution de témoins issues de la Chambre.

Maintenant, mes opinions. D’abord, il est presque impossible d’imaginer qu’un nombre suffisant de Républicains au Sénat s’aligne sur les Démocrates pour condamner Mr Trump. La majorité des deux tiers n‘est même pas à l’horizon.

Alors, pourquoi les Démocrates s’obstinent-ils?

C’est un cirque dont l’objectif est de masquer leur incurie et leur panique bien réaliste devant la campagne pour les élections de 2020. Ils n’ont rien de sérieux à proposer, alors ils jettent de la poudre aux yeux. Je crois qu’il y aura des émeutes en Novembre 2020 car les Démocrates auront vraiment trop souffert.

Nightcap

  1. How two seasteaders wound up marked for death Brian Doherty, Reason
  2. When are exit strategies viable? David Kampf, War on the Rocks
  3. Imagining Africa Clive Gebay, Disorder of Things
  4. Tulsi Gabbard vs. Liberal McCarthyism Irfan Khawaja, Policy of Truth

Nightcap

  1. Wars makes us safer and richer Ian Morris, Washington Post
  2. Sovereignty is no solution Dalibor Rohac, American Interest
  3. American conservatism and Marxist paradigms Mary Lucia Darst, NOL
  4. Libertarians and the legitimacy crisis Arnold Kling, askblog

Nightcap

  1. Why Hayek was wrong about American and European conservatism, I Barry Stocker, NOL
  2. Why Hayek was wrong about American and European conservatism, II Barry Stocker, NOL
  3. Why Hayek was wrong about American and European conservatism, III Barry Stocker, NOL
  4. Why Hayek was wrong about American and European conservatism, IV Barry Stocker, NOL

Nightcap

  1. Disney, the NBA, and China in Hong Kong Tyler Cowen, MR
  2. Blizzard, esports, and China in Hong Kong Layne Vandenberg, the Diplomat
  3. China’s dirty little secret: land ownership Ian Johnson, NY Times
  4. The People’s Republic of China at 70 Austin Williams, spiked!

Turkey, Syria, the Kurds, and the American Foreign Policy Establishment

Donald Trump pulled the US out of Syria, and Turkey brutally pounced on the Kurds. What a mess.

I have just two quick notes on the subject: 1) the American Foreign Policy Establishment has upset me for many years now, mostly because they are liars. The allegations of American betrayal in regards to our Kurdish allies are simply not true. If the Kurds were truly American allies, then the hawks would have gone out of their way to call for a Kurdish state in the region (something some Kurds have been trying to found for a long time). This has not happened in the 50 or 60 years that the United States has been deeply involved in the Levant. Have you heard hawkish politicians in the US call for an independent Kurdish state? Instead, Washington’s Foreign Policy Establishment has been content to use the Kurds as pawns against its Persian and Ba’athist enemies. Once the Kurds outlived their usefulness, they were abandoned by the American Foreign Policy Establishment, ironically in the name of state sovereignty.

2) The Kurds should have known better by now that their only friends are the mountains. I don’t know why they thought they could hold Syria. I don’t know why they thought they could trust Washington. My best guess is that geopolitics is hard to do when you’re as politically decentralized as the Kurds, and there was simply no overall game plan for going to war alongside the Americans, except to maybe slaughter some Arabs and Turks and build rapport with Washington for an eventual Kurdish state.

One last note: Not only is Turkey slaughtering Kurds, but Iran is calling for Turkey to stay out of Syria. The Russians are still there, too. The withdrawal of American troops from Syria means that Russia, Turkey, Iran, Syria, and several non-state actors will now fight for control of the Levant. Having Moscow bogged down in the Levant bodes well for peace in Europe for the time being. A Turkish-Persian small war would likewise give the West a breather, at least militarily. If anti-refugee parties in Europe thought the first wave of refugees was unbearable, they’re in a for a world of surprise now. The bloodshed that will result from the world’s hegemon leaving a power vacuum will likely make Europe’s populist parties even more popular.

Nightcap

  1. To speak on everything in the world, including everyone’s elections” Robin Hanson, Overcoming Bias
  2. Foucault on the courageous practice of speaking truth to power Deborah Clark, Footnotes to Plato
  3. The idea of Global Britain ignores reality (and an imperial past) Robert Saunders, New Statesman
  4. No nation in Europe today is as good at self-deprecation as the Slovaks” Donald Rayfield, Literary Review

Wiener Moderne and Austrian Economics – A product of times of turmoil

There are some certain incredibly rare constellations of time and space which result in one of a kind decades. The peak of Greek civilization from 5th to 4th century BC, the Californian Gold Rush from 1848–1855 and the Fin de Siecle from 1890-1920. The latter one is of specific interest to me for a long time. Some of the most worlds most famous painters (Gustav Klimt, Oskar Kokoschka), philosophers (Ludwig Wittgenstein, Karl Popper, Edmund Husserl) or authors (Georg Trakl, Hugo von Hofmannsthal, Arthur Schnitzler) coined the decade. Even more intriguing for me is that the Viennese intellectual live happened in very close circles. All intellectuals being witnesses of the downfall of one of the greatest empires of the 19th century, each discipline coped with this fate in their very own way. Especially if one compares the movements of that time in literature and economics, it becomes clear that the self-imposed demands of the authors and scientists on their science differ considerably.

The Wiener Moderne:  Flight into the irrational

Driven by the predictable crumbling of the Austro-Hungarian empire, the anticipated increasing tensions in the multi-ethnic empire and the threating of financial recession, the civil society was teetering on an abyssal edge. Furthermore, the Halleyscher comet was predicted to “destroy” the world in 1910, the titanic sunk in 1912, a European war was lingering just around the corner. Concerning the breakdown of stable order, people sought a way out of ruins of what once has been a stable authoritarian order. When existential threats become more and more realistic, one would expect cultural life to totally drain or at least decrease sufficiently. However, the complete opposite was the case.

At first, art merely revolted against the prevailing naturalism. Why would anybody need a detailed, accurate depiction of reality if reality itself is flawed with incomprehension, irrationality and impenetrability? Missing a stable external framework, many writers turned the back against their environment and focused on the Ego. To express the inner tensions of most contemporary people, many authors sought to dive deep into the human consciousness. Inspired by the psychoanalytical insights provided by Sigmund Freund, who had vivid relationships with many important authors such as Arthur Schnitzler, human behaviour and especially human decision making became a topic of increasing interest. Therefore, news ways of narrating such as interior monologue were founded.

Many writers such as Albert Schnitzler, Hugo von Hofmannsthal and Georg Trakl found in transcendence a necessary counterbalance to supra-rational society. Reality and dream blurred into a foggy haze; rational preferences gave way to impulsive needs; time horizons shortened, emotions overcame facts. The individual was portrayed without any responsibility towards society, their family or other institutions. In the Dream Story (By far my favourite book) by Arthur Schnitzler, the successful doctor Ferdinand risks his marriage and his family to pursue subconscious, mysterious sexual needs. If you have the time, check out the movie based on the novel “Eyes Wide Shut” by Stanley Kubrick, truly a cinematic masterpiece.

Karl Kraus, on the other hand, founded the satirical newspaper “The Torch” in 1899 and offered often frequented point of contact for aspiring young talented writers. The content was mostly dominated by craggy, harsh satirical observations of the everyday life which sought to convince the public of the predictable mayhem caused by currents politics. Franz Wedekind, Adolf Loos and Else Lasker-Schüler could use the torch as a stepping stone for their further careers.

What they have in common is their understanding of their craftmanship: It is not of the concern of art to save civilization or to convince us to be better humans, but to describe, document and in a way aestheticize human behaviour. This does by no way means that the Viennese authors of the early 20th century were not politically or socially involved: Antisemitism (Karl Kraus & Arthur Schnitzler), Free Press (Karl Kraus), Sexuality (Franz Wedekind and Arthur Schnitzler) were, for example, reoccurring themes. However, in most works, the protagonist struggles with these problems on an individual level, without addressing the problem as a social problem. Also, the authors seemed to lack the entire puzzle picture: Although many individual pieces were criticized, the obvious final picture was rarely recognized (Especially Schnitzler).

Economics – Role of the scientist in society

Meanwhile in economics another exciting clash of ideas took place: The second wave of the Historical School economist, mainly Gustav Schmoller, Karl Büchner and Adolph Wagner, were waging a war against Austrian School of Economics, mainly Carl Menger. The Historical School sought to identify the patterns in history through which one could deduce certain principles of economics. Individual preferences are not the result of personal desires, but rather the sum of social forces acting on the individual depending on space and time, they asserted. Thus, instead of methodological individualism, methodological collectivism must be used to conduct economic research. To determine the historical-temporal circumstances, one must first collect an enormous amount of empirical material, based on which one could formulate a theory. Austrian Economists, in turn, claim that individual preferences stem from personal desires. Although the Austrian emphasize the constraints emerging from interpersonal interactions, they rejected the idea, that free individuals are confined in their will through culture and norms. Thus, economics is a science of aggregated individual preferences and must be studied through the lens of methodological individualism.

As Erwin Dekker (Dekker 2016) has argued, the works of Austrian Economists must be seen as an endeavour to understand society and civilization in the first place. One must carefully study human interaction and acknowledge the ridiculously small amount of knowledge we actually possess about the mechanism of a complex society before one can “cure” the many ills of humankind. With the socialist calculation debate, Austrian Economist tried to convince other academics of the impossibility of economic calculation in the absence of prices.

Apart from their academic debates, they were very much concerned with the development of common society: Authoritarian proposal, the constant erosion of norms as a foundation for civil society, the increasing overall hostility lead them to the decision to leave the ivory tower of economics and argue for their ideas in public discourse. “The road to serfdom” is THE peak of this development. Hayek impressively explains to the general public the fragility of liberal democratic order and how far-reaching even well-intended governmental interferences can eventually be. Joined by Karl Popper’s masterpiece “The open society and its enemies”, Austrian Economist were now defending the achievements of liberal democracy more vigorously than ever.

Conclusion

It would be exaggerated to claim that the literary-historical “flight into the irrational” had excessive influence on the economic debate between the historical school and the Austrian school. Nevertheless, it has already been proven that intellectual Viennese life took place in a few closely networked interdisciplinary circles. There is no direct connection between the Viennese literary circles and famous contemporary economic circles such as the Mises-Kreis. However, the intellectual breadth of contributions and the interwoven relationships of many contributors became an important point of study in recent years (See: Dekker 2014). Especially Sigmund Freud could have been a “middle man” between Austrians (especially Hayek) and the authors of the Wiener Moderne (especially Schnitzler).

What definitely is remarkable is how different the various scientists and artist reacted to the existential threats of the early 20th century.
Resignation? Internal Exile? Counterattack? There were many options on the table.

The “flight into the irrational” pursued by many, by far not all, authors of Wiener Moderne was a return to surreality, irrationality and individualism. Austrian Economist, however, went from individualism to social responsibility. According to them, scientists had an obligation to preserve that kind of liberal democratic system, which fosters peaceful human cooperation. To achieve this shared goal, many Austrian Economists left the ivory tower of academic debates, where they also fought for the same purpose, and temporarily became public intellectuals; starting a much more active defence of liberal democracy.

Nightcap

  1. China’s three-body problem Niall Ferguson, Jewish World Review
  2. The perplexing case of indigenous art Morgan Meis, the Easel
  3. Can Pakistan mediate between the US and Iran? Adam Weinstein, War on the Rocks
  4. On “terrorism” as a toxic term Vicente Medina, Policy of Truth