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6 - The Individuals and Their Connections

Published online by Cambridge University Press:  16 December 2019

David M. Levy
Affiliation:
George Mason University, Virginia
Sandra J. Peart
Affiliation:
University of Richmond
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Summary

the ideological spectrum. Buchanan wrote against Hayek’s evolutionary efficiency claims as well as efficiency claims in rational expectations theories. Hayek’s endorsement of the “liberal dictator” provides the background for Buchanan’s concern with anti-democratic elements of the Mont Pelerin Society. The demise of the Soviet Union has obscured how controversial Nutter’s NBER work was. In the early 1960s, a principles of economics textbook labeled Nutter’s results, reported in Hazlitt’s Newsweek column, as biased. Nutter and Rostow, who differed politically, agreed in their analyses of Soviet growth that Russian culture persisted in spite of the transition to the Soviet Union. Tullock’s long-standing friendship with Popper was critical for the early Virginia School’s analytical egalitarianism in which the motivation of the economist is no different than the motivation of those in the economist’s model. This speaks to ideological motivation. Tullock held that, since economics did not enforce replication, it lacked standing as science and was instead akin to a “racket.”

Type
Chapter
Information
Towards an Economics of Natural Equals
A Documentary History of the Early Virginia School
, pp. 164 - 194
Publisher: Cambridge University Press
Print publication year: 2020

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References

Medema, Steven G. 2009. “Adam Smith and the Chicago School,” in The Elgar Companion to Adam Smith, ed. Young, Jeffrey T.. Northhampton: Edward Elgar, 346357.Google Scholar
Simons, Henry C. 1934. A Positive Program for Laissez-Faire: Some Proposals for a Liberal Economic Policy, Public Policy Pamphlet No. 15. Chicago: University of Chicago Press, 144.Google Scholar

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