Viewing posts tagged tendentious theorising

The Gateway Drug

Paleolibertarianism was a consciously devised mutation of Austrian-influenced libertarianism, concocted by the late-20th century’s most prominent devotee of Austrian dogma, Murray Rothbard (and his fawning cohorts).  

Libertarianism today draws on several sources.  Ayn Rand is the best known, but the more influential is arguably Murray Rothbard.  (Rothbard’s attitude to Rand fluctuated.)  Rand is more influential for her ‘ideas’.  Rand is more accessible, despite putting up a superficial show of intellectualism.  Rothbard is harder to get a handle on.  Unlike Rand, he is a genuine intellectual – which is often a question of how one couches ideas rather than the ideas themselves.  And he develops.  And he writes long, involved, serious articles (though they get less serious-minded as he gets older).  I would argue that his influence is less in actual ideas and more in the surrounding spheres of aesthetics/style and tactics/strategy.  After all, in fusing libertarianism with conservatism to create paleolibertarianism, the libertarians consciously submerged certain libertarian ideas.  What succeeded – from the libertarian point of view - was arguably less the fusion than the style: the strategic attempt to use populist reactionary politics to further the ...

Summing Up, Part 1

As we know, the Austrian School is - but is not limited to - a heterodox branch of bourgeois economics.  It is, however, founded upon a more-or-less explicitly political project.  And this project continues to animate its zombie, and its zombified victims, infected by its bite.  But then the Austrians’ iteration of the new (in the 1870s) bourgeois economic doctrine of marginalism was always a political project, even in its dry theoretical basis. 

Marginalism itself arose as a way to escape the increasing obviousness of the fact that capital exploits labour.  This was a necessary project as capital spread across the globe.  It took the conscious form of an attempt to address genuine weaknesses in the classical labour theory of value.  These weaknesses were interpreted as evidence that the theory needed to be discarded precisely because the class position/alignment of the theoreticians addressing the issue pushed them towards a view of value which did not derive from labour.  It became an even more necessary project after the Paris Commune scared the shit out of the bourgeoisie. 

The Austrian School, in the person of Menger, helped create marginalism.  But it continued to ...

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