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‘The Two Great Scarcities in the Libertarian Movement: Money and Talent’

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Hayek: A Collaborative Biography

Abstract

Murray Rothbard, Hayek’s co-leader of the fourth-generation Austrian School of Economics, told the Centre for Libertarian Studies Board that ‘we are severely limited by the two great scarcities in the libertarian movement: money and talent.’ The Tobacco, Obesity and Fossil Fuel industries solved the money problem, but the talent problem remains. The ‘free’ market is promoted via neo-feudal patronage—the ‘spoils system.’ Hayek—who sought to recruit the ‘worst inferior mediocrities’—created a ‘free’ market Welfare State for his academically unqualified devotees: ‘That I cannot reach the public I am fully aware. I need these intermediaries.’ Hayek promoted what Kevin Phillips, the co-author of Richard Nixon’s 1968 ‘southern strategy,’ described as ‘mediacracy’—whereby the mass media have effective control over the voting public and thus political outcomes.

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Notes

  1. 1.

    Evers Archives. Box 5. CLS (3).

  2. 2.

    https://www2.gmu.edu/news/427091.

  3. 3.

    The journals that Pyne analysed published articles in return for fees.

  4. 4.

    ‘Then what happens, you stretch it out and you go to, sort of, Public Choice. You know, Public Choice is actually a very high- impact journal, in the field. But it’s actually very sympathetic to our position. You know, right? But there’s also the European Journal of Political Economy and blah blah blah blah blah, and all that stuff.’

  5. 5.

    https://soundcloud.com/a-philadelphia-experiment/qa-being-a-liberty-advancing-academic-apee-2016.

  6. 6.

    https://soundcloud.com/a-philadelphia-experiment/peter-boettke-george-mason-university-being-a-liberty-advancing-academic-apee-2016-in-las-vegas.

  7. 7.

    http://apps.washingtonpost.com/g/documents/local/donor-agreement-between-the-mercatus-center-and-george-mason-university-to-fund-a-faculty-position/2930/.

  8. 8.

    Friedrich Hayek, interviewed by Thomas Hazlett 12 November 1978 (Centre for Oral History Research, University of California, Los Angeles, http://oralhistory.library.ucla.edu/).

  9. 9.

    Friedrich Hayek, interviewed by Leo Rosten 15 November 1978 (Centre for Oral History Research, University of California, Los Angeles, http://oralhistory.library.ucla.edu/).

  10. 10.

    https://www.naee.net/position_utennchattanooga.pdf.

  11. 11.

    DiLorenzo is described as a ‘minor figure.’ https://www.sourcewatch.org/index.php/Thomas_J._DiLorenzo.

  12. 12.

    MPS Archives. Box 50.13.

  13. 13.

    Redmond (27 March 1959) to Hunold. MPS Archives. Box 40.8.

  14. 14.

    MPS Archives. Box 58.1.

  15. 15.

    https://www.cdc.gov/obesity/data/adult.html.

  16. 16.

    http://www.margaretthatcher.org/document/114609 Hayek Archives. Box 27.6.

  17. 17.

    Evers Archives. Box 2. LP Platform.

  18. 18.

    Or alternatively, Shenoy’s appointment might have been coincidental.

  19. 19.

    Shenoy’s CV. University of Newcastle, Australia.

  20. 20.

    Evers Archives. Box 12 LP Activities.

  21. 21.

    Evers Archives. Box 15. LP National Platform.

  22. 22.

    https://www.clarionledger.com/story/news/2011/01/23/evers-assassin-said-still-at-large/28936323/.

  23. 23.

    Friedrich Hayek, interviewed by Jack High date unspecified 1978 (Centre for Oral History Research, University of California, Los Angeles, http://oralhistory.library.ucla.edu/).

  24. 24.

    Friedrich Hayek, interviewed by Robert Bork 4 November 1978 (Centre for Oral History Research, University of California, Los Angeles, http://oralhistory.library.ucla.edu/).

  25. 25.

    Machlup suggested that the Harvard Keynesian, Seymour Harris, might be interested in the purchase. Hayek Archives. Box 36.17.

  26. 26.

    Friedrich Hayek, interviewed by Earlene Craver date unspecified 1978 (Centre for Oral History Research, University of California, Los Angeles, http://oralhistory.library.ucla.edu/).

  27. 27.

    Evers Archives. Box 3. Vanguard 22.

  28. 28.

    Evers Archives. Box 1. Libertarian Party Santa Clara County.

  29. 29.

    Cited by Claude Robinson (6 June 1945) to Hayek. Hayek Archives. Box 46.28.

  30. 30.

    ‘Even though Hayek himself disdained having his ideas attached to either party, he nonetheless provided arguments about the dangers of the unbridled growth of government’ Caldwell (2010).

  31. 31.

    Friedrich Hayek, interviewed by James Buchanan 28 October 1978 (Centre for Oral History Research, University of California, Los Angeles, http://oralhistory.library.ucla.edu/).

  32. 32.

    Evers Archives. Box 6. CLS (1).

  33. 33.

    Evers Archives. Box 6. CLS (1).

  34. 34.

    Evers Archives. Box 5. CLS (3).

  35. 35.

    Evers Archives. Box 5. CLS (2).

  36. 36.

    Evers Archives. Box 6. Council for a Competitive Economy.

  37. 37.

    Evers Archives. Box 3. Cato.

  38. 38.

    Evers Archives. Box 6. CLS (1).

  39. 39.

    Evers Archives. Box 4. CLS.

  40. 40.

    Evers Archives. Box 16. Correspondence.

  41. 41.

    Evers Archives. Box 6. CLS.

  42. 42.

    https://www.industrydocumentslibrary.ucsf.edu/tobacco/docs/#id=zhdl0199.

  43. 43.

    https://www.industrydocumentslibrary.ucsf.edu/tobacco/docs/#id=jjvg0210.

  44. 44.

    https://www.industrydocumentslibrary.ucsf.edu/tobacco/docs/#id=gjjy0205.

  45. 45.

    Friedrich Hayek, interviewed by James Buchanan 28 October 1978 (Centre for Oral History Research, University of California, Los Angeles, http://oralhistory.library.ucla.edu/).

  46. 46.

    Friedrich Hayek, interviewed by Leo Rosten 15 November 1978 (Centre for Oral History Research, University of California, Los Angeles, http://oralhistory.library.ucla.edu/).

  47. 47.

    Friedrich Hayek, interviewed by Axel Leijonhufvud date unspecified 1978 (Centre for Oral History Research, University of California, Los Angeles, http://oralhistory.library.ucla.edu/).

  48. 48.

    Friedrich Hayek, interviewed by Leo Rosten 15 November 1978 (Centre for Oral History Research, University of California, Los Angeles, http://oralhistory.library.ucla.edu/).

  49. 49.

    Friedrich Hayek, interviewed by Leo Rosten 15 November 1978 (Centre for Oral History Research, University of California, Los Angeles, http://oralhistory.library.ucla.edu/).

References

Archival Insights into the Evolution of Economics (and Related Projects)

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  • Leeson, R. (Ed.). (2015a). Hayek: A Collaborative Biography Part II Austria, America and the Rise of Hitler, 1899–1933. Basingstoke, UK: Palgrave Macmillan.

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  • Leeson, R. (Ed.). (2015b). Hayek: A Collaborative Biography Part III Fraud, Fascism and Free Market Religion. Basingstoke, UK: Palgrave Macmillan.

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  • Leeson, R. (2018). Hayek a Collaborative Biography Part XI: Orwellian Rectifiers, Mises’ ‘Evil Seed’ of Christianity and the ‘Free’ Market Welfare State. Basingstoke, UK: Palgrave Macmillan.

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Leeson, R. (2019). ‘The Two Great Scarcities in the Libertarian Movement: Money and Talent’. In: Hayek: A Collaborative Biography. Archival Insights into the Evolution of Economics. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-78069-6_2

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