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.
Wednesday, May 30, 2012
Be Suspicious of Stories
Tyler Cowan warns us to Be Suspicious of Stories. Stories have plots; spontaneous orders do not. Of course, he is really warning against simple -- and the "moral of the story is . . ." -- stories. Of course, complex stories, such as novels, do take a long time to get through and contemplate. We should be novelists, not short story writers, of our lives.
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