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38 sats \ 0 replies \ @Rothbardian_fanatic OP 21 Feb \ parent \ on: How Tariffs Block Entrepreneurial Discovery and Stall Progress econ
For #1, they still don’t like to admit that there is only imperfect knowledge in the markets, either. Therefore, there is no such thing as perfect competition or monopolistic or perfectly oligopolistic competition, either, because an entrepreneur who more accurately foresees market conditions can slip into the mix.
For #2, I think they would welcome free trade or at least managed trade just as everyone else would. They are getting stomped on pretty hard by the Israeli factions, aren’t they?
Austrians sometimes do say things other economists can agree with, as long as how they derived what they were saying isn’t said. :)