Are Friedman, Marx, Smith and Keynes Really Out of Hayek’s League?
Justin Wolfers is one of my favorite economics bloggers in large part because of the empirical, evidence-based approach he takes to economics problems and policy issues. As co-blogger Todd points out, Wolfers recently generated some data (JSTOR citation counts) that he argues supports the assertion that Hayek is out-classed by those mentioned in the title to this post. Wolfers, who I think very highly of as an economist, seems to think so, and pointing out that Larry Summers (and presumably a ton of others) out-influence Hayek by this measure. I thought the post was tongue-in-cheek, to be honest, before I saw the recent update where Wolfers sticks to his guns and cannot reject the hypothesis, therefore, that “insisting that high schools teach Hayek is a clear statement of ideology, not of economic science.”
