Unregistered 241: Walter Block
Unregistered with Thaddeus Russell
00:00
Are You Trying to Convert Gary Becker to Austrianism?
Econometrics is not the kind of thing you guys do. No, no, no, that's not true at all. Austrians do econometrics on econometric issues. Take minimum wage law. We know that if you raise the minimum wage law or if you have a minimum wage, then anyone whose productivity is below them will be unemployed. But do we know how soon or how quickly or how many? Well, you have to do statistics. So what Gary Becker should have said, he was no Austrian. He was trying to convert him to Austrianism. I never succeeded.
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