Economics is often used in literary studies, but rarely free market economics. Austrian economics, with its emphasis on subjective value (Menger), human action (Mises), spontaneous order and knowledge (Hayek), and entrepreneurship (Kirzner), seems a particularly fruitful source of ideas for literary studies.
Friday, December 10, 2010
The Arts in a Free Market Economy
Tyler Cowan at FEE on The Arts in a Free Market Economy, in which he shows that the free market has benefited the creation of art and literature, not harmed it, as many on the Left imagine.