A judicious presentation

I am at Mark Skousen’s Freedomfest in Las Vegas which brings together all the groupings on the right in the US. With a core that is solidly libertarian, it ranges across most of the various other groupings. Economically it is solidly Austrian. Not being a libertarian and not being an Austrian makes me decidedly on the left so far as present company is concerned but it could not be more congenial. It’s Catallaxy writ large with 2200 attending. Every casual conversation over a cup of morning coffee is a revelation. I tend not to know who’s who here in the States so the pleasures of getting to know such people is ongoing.

Today, however, there was an experience of a different kind. The award for best book of the year was given to George Gilder’s Knowledge and Power which has only just been published. I didn’t even know it existed but thought I would have a word with the author since we have a number of interests in common, one in particular and long standing. So I joined the knot of people around him when he turned to me out of the blue and said, “You’re Steve Kates. Your book is all over the bibliography.” I have now bought his book and while my name is not all over, he did write this in an endnote in relation to the General Glut debate:

A judicious presentation of the debate appears in Steven Kates, Say’s Law and the Keynesian Revolution: How Macroeconomic Theory Lost its Way.

Since he has been writing on Say’s Law even longer than I have, I could hardly ask for anything more. I’m only at the start of his book but it ought to surprise no one that he and I see pretty well eye to eye on most of the basic issues of economic theory. The conversation will be continued in the morning.

From Catallaxy 12 July 2013.

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