DAVID SEYMOUR'S REMARKABLY TEPID Regulatory Standards Bill is getting frightened and bewildered luvvies to put down their lattes and type indignant emails to their MPs.
Fuel for many of this outraged commentariat (Anne Salmond was the first; Brian Easton is the latest) is provided by a book-length screed by one Quinn Slobodian called Hayek's Bastards, "The premise of Quinn Slobodian’s new book," says the bookplate, "is that authoritarian right-wing populism is a mutated version of classical liberal economics." A version labelled "neoliberalism" by its opponents.
A counter-intuitive thesis to be sure, So I checked on some actual classical liberals to see what they thought of the book. (Pointless asking Trump followers, since we know none of them can read. Or "neoliberals," none of whom actually exist.)
Phil Magness, an economic historian who most recently convinced over 150 economists and scholars to sign a declaration opposing Trump's economically harmful, constitutionally dubious tariff policies, wonders aloud at the absurdity of the book's central thesis. Which is Slobodian's apparent conviction "that Trumpism traces its intellectual origins to the Austrian economists Friedrich Hayek and Ludwig von Mises." This would undoubtedly astonish all three.
Slobodian's attempts to link the three suffers, Magness says wryly, "from a lack of clear evidence for the parentage. Undeterred, Slobodian supplies the links by making them up."![]() |
Slobodian demonstrates his pattern of ripping quotes from their context to give the opposite impression of an author's intention. |
We live at a time when one of the worst accusations that can be thrown at someone is the charge of “racist.” Have that word tied to your name and it not only results in moral condemnation, it potentially throws into discredit almost anything and everything that person has said or done. That makes it a serious matter when an individual never identified with such racist views or values has that accusation attached to them. ... The actual facts show this is a fundamentally baseless accusation that attempts to taint and tarnish the reputation of one of the leading economists of the 20th century ...
[O]ne of the most embarrassing observations that can made about an author’s work [is] being slipshod scholarship. Professor Slobodian has 93 footnotes in his article. Over 50 of them reference Mises’s writings or correspondence. Looking them up, I found many instances in which the page reference to a paraphrase of a passage or a quote in one of Mises’s works was not to be found where Professor Slobodian indicated it to be.
In some instances, this was not simply being off a page or two; the page referenced turned out to be in a portion of one of Mises’s works that had nothing to do with the theme or idea that Professor Slobodian was referring to....
In addition, there are instances in which Professor Slobodian asserts or implies views or states of mind held by Mises at some point in time. But the footnoted reference sometimes refers to some other scholar’s work that when looked up did not refer to or imply anything about Ludwig von Mises. For example, at one point (p. 4), Professor Slobodian says, “But for Mises, a war had shaken him the most. Japan’s defeat of Russia in 1905 brought about a non-white power into the elite white club of empires. The event resonated with the rhetoric of the ‘yellow peril’ widespread at the turn of the century, understood as both a racial demographic and commercial threat.” And he footnotes a[nother author's] work about Asian intellectuals in the period before the First World War.
Professor Slobodian then says, “Mises’s response was different but no less radical,” and then references how Mises [allegedly] saw the economic significance of increased global competition from Asia ... The juxtapositioning of these two ideas, one following the other, easily creates the impression that Mises, while having a “different” response, was part of the group worried about a “yellow peril.
There is nothing to suggest in Mises’s writings actually referenced that he held or expressed any such race-based fear in the wake of the Japanese victory over Russia. But the implication is easily left in the reader’s mind.
The first two chapters find Slobodian searching for hints of racial prejudice in the work of Hayek and Mises. For the former, the best he can manage is a reference to ‘the Christian West’ in a 1984 speech. For the latter, who may well have been Austria’s least racist man in the 1930s, it is an even greater challenge.
Slobodian revives two articles he wrote about the lifelong supporter of open borders in 2019 that have been heavily criticised by Phillip W. Magness and Amelia Janaskie for ‘inverting Mises’s meaning in a light that erroneously casts him as sympathetic to racism or colonialism.’
One does not need to be an expert on Mises to see that Slobodian is guilty of selective quotation. One only needs to read the whole paragraph from which the quote is taken. For example, Mises is quoted as writing in 1944: ‘There are few white men who would not shudder at the picture of many millions of black or yellow people living in their own countries.’ Slobodian puts this in a context that implies that Mises shared this revulsion and cites it as evidence that Mises had ‘partially legitimised closed borders for nonwhite migrants as a near-permanent feature of the world order.’ But the very next sentence of Mises’ text reads: ‘The elaboration of a system making for harmonious coexistence and peaceful economic and political cooperation among the various races is a task to be accomplished by coming generations.’ It should be obvious that Mises was not endorsing the prejudices of the majority, but merely acknowledging the existence of such prejudices and hoping that they could be overcome.
By referring to right-wing populists of the present day as Hayek’s illegitimate offspring (‘bastards’) Slobodian allows himself a certain amount of wriggle room, but if a student believes the exact opposite of the teacher, can he really be portrayed as a follower?
The fatal flaw in this book is that Slobodian has clearly started with his conclusion and worked backwards. An author who was interested in writing about the roots of the current wave of right-wing populism would start with the right-wing populists and study their words and deeds.
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