I have been hassling my Austrian friends for quite some time that it is not enough to be pro-Hayek and pro-Mises but they also have to be anti-Keynes. Unless they specifically present their own pre-Keynesian classical views as a direct counterweight to the Keynesian wreckage, they have no hope of seeing Keynesian economics finally removed from our texts. It still remains a mystery that the events of the past five years have not even commenced a massive overhaul of mainstream economics. It does seem as if the mainstream continues to believe they are on top of it all. But if mainstream economists still think that Y=C+I+G can explain what caused the recession in the first place or what is needed to create recovery, not only is their economic understanding now worthless but so too is their credibility.

But this morning I have received a notice from the Mises Institute that it is about to run a six-week online course on Keynesian economics:

Beginning Monday, November 11, William Anderson will be teaching ‘The Ghost of Keynes’ at Mises Academy. This six-week online course will examine how and why many economists and governments continue to ignore the numerous fallacies that accompany Keynesian thinking even as the Keynesian-influenced economies around the world continue to flounder in high unemployment and low growth.

Whether this will include a discussion of Say’s Law I do not know but it absolutely needs to. You can watch my presentation to the Mises Institute above on Keynesian economics and Say’s Law. But even though there is an appreciation amongst Austrian economists that the two are related, the importance of Say’s Law is not yet completely embodied in the way Austrians discuss economics. They, of course, do not reject Say’s Law but they also do not fully embrace it.

Nevertheless, I encourage you to sign up for this six-week course. You can enroll here.