Spreading Hayek, Spurning Keynes - WSJ.com This is a pretty decent article relating to Austrian economics, but it makes some pretty ridiculous claims. "But the 50-year-old professor of economics at George Mason University in Virginia is emerging as the intellectual standard-bearer for the Austrian school of economics..." This is not the case whatsoever. If anybody is the "intellectual standard-bearer" for the Austrian school in the year 2010 it's Congressman Ron Paul. "But as much as the Austrian diagnosis may resonate now, it doesn't provide a playbook for what to do next, which could limit its current resurgence. Mr. Hayek rightly warned of the dangers of central planning, Mr. Boettke says, but "he didn't give a prescription for how to move from 'serfdom' back."" And this is complete nonsense. The Austrian's do have a "playbook" for what to do next, and it's called letting the market restructure itself and then allowing it to function without interference from government.