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Fall 2010
ISSN 0890-913X
Volume 26, Number 1

Economist as Pastor, Preacher, and Most Importantly, Theologian

Virgil Henry Storr, George Mason University
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TheJournalofPrivateEnterprise26(1),2010,13-20EconomistasPastor,Preacher,andMostImportantly,TheologianVirgilHenryStorrMercatusCenter,GeorgeMasonUniversityAbstractThisarticlearguesthatifweembraceaviewofreligionasacollectionoftheoriesabouttheworld(e.g.,aboutalertnessandentrepreneurship)andasetofvaluesabouthowweoughttoapproachouractivities(e.g.,valuefreedom),therearepotentiallypositiveaspectsofthinkingaboutAustrianeconomicsasareligion.And,ifAustrianeconomicsisareligion,thenProfessorPeterJosephBoettkeisthequintessentialpastor,preacher,andtheologianofAustrianeconomics.JELCodes:A11,A23Keywords:Economistsrole;BoettkeI.IntroductionLikemanyAustrianeconomists,IhavealwaysbristledatthechargethatAustrianeconomicsismerelyareligion.First,thechargeisawayofdismissingratherthanengagingthesubstantivetheoreticalclaimsthatAustrianshavemade.ItisawayofignoringMises,Hayek,andothersonthecalculationandknowledgeproblemsinherentineffortstocentrallyplananeconomyandtodisregardtheirwarningsthatthereislikelyaslipperyslopetointerventionism.Itisawayofsuggesting,forinstance,thatAustrianbusinesscycletheorydoesnotexplain,say,thefinancialdownturnof2008,withouthavingtoreallyargueagainstit.Similarly,itisawayofassertingthattheAustriantheoriesthatpointtothepotentialofindividualstoimprovetheirlivesthroughmarketsareoverstatedwithoutactuallyhavingtoargueagainstthesubstanceofthosetheories.Second,thechargethatAustrianeconomicsisareligionisawayofsuggestingthatthereisorthereoughttobealitmustestforscholarsworkingwithinthisschoolofthought.ItisawayofsuggestingthatAustrianeconomicsisnotaprogressiveresearchprogrambutasetofreceivedandinfallibletruths.Itisawaytoassertthattheschoolisaboutblindfaithandtoavoidacknowledgingthatitisacollectionoflogicalarguments.Itisa13
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