Censorship at the Universities
An interesting story about Economist Ronald Coase who passed away earlier this month.
From
Reason:
Economist Ronald Coase Was Chased Out of UVA in 1964 for Supporting Market Solutions.
The Twitter feed of academic Siva Vaidhyanathan points to this story about how recently deceased economist Ronald Coase was chased out of the University of Virginia in the early 1960s.
The heinous crime of Coase, who would go on to win the 1991 Nobel Prize in economics? He stood against the rising tide of belief in an economy managed by experts and regulators."He introduced this whole notion," says [UVA law prof George] Cohen, "that people through private negotiation can reach an efficient solution."
What Coase and his colleagues were challenging, Cohen says, was the widespread belief that the only way to protect scarce resources� such as air, water, or habitat� was via taxation. Unfortunately, as Coase and Center co-founder James M. Buchanan would learn, using markets to achieve efficient and beneficent goals would run afoul of the university administration intent on a more "modern" outlook.
He challenged the 'progressive' idea of big central planning. How un-Marxist of him...
Much more
here and
here.
Posted by DaveH at September 29, 2013 2:19 PM