Here is a fascinating account of how a journalist for a socialist newspaper ended up taking a class in economics—and learning more about the way the world works than he expected to. Austrians will note that most of his criticisms apply not to Austrian theory but to a narrow brand of Chicago-style theorizing. Still, one can expect that the writer would have had an even more negative view of the Austrian school and its policy radicalism. He concludes that economics is great if all you care about is efficiency but then we must also think about morality and justice, which he just presumes the market cannot give us. Read it. It’s wrongheaded but you will find it interesting, and, if you are like me, you will be wholly sympathetic to the professor’s point of view (except that he doesn’t go far enough).
A socialist learns economics (sort of)
