HES: Re: DISC--Mises's contribution to economics

[Mason Gaffney]

MacKenzie may have posted this before I complained that he failed to
deconstruct Hayek. If so, I was off base and should eat crow, for that is
what he does here.

His points #1 and #2 contain some undefined, hence possibly meaningless,
terms; but the other points make some sense, except for the undefined term
"socialism", used as a generic pejorative.

More consistency would be welcome. Thus, to hold up the U.S.A. as the
sparkling example of anti-socialism, while also scoring the tendency of
misguided investors to pour capital into works of slow payoff, is to ignore
much of U.S. history.

Mason Gaffney