Context and homogenizing

I wanted to expound a bit on one of Dr Boettke’s recent posts which attributed economic calculation as the critical contribution of the Austrian School. In Boettke’s publication on economic calculation he lays out his position in the great homogenization debate which has rifted scholars between allegedly Misesian and Hayekian lines. In addition to the role of economic calculation as a case for homogenizing Mises and Hayek’s contributions on socialist calculation, Dr. Boettke makes an additional point which has gone more unnoticed in the calculation v. knowledge squabbles of the internal Austrian circles. The second case for homogenization that Boettke makes draws on a notion from post-modernism (relax, it’s not without caveat). His point is that to truly understand the message behind an author’s work it is helpful to recognize the context in which he is writing. Boettke says the following succinctly, “Mises wrote to a wider audience and for the ages, Hayek wrote for a particular time and place and to a narrow specialist audience.” Probably more unnoticed is the footnote to this quotations which says the following:

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