I have given specific examples of those to whom I referred to as advocates of Austrian economics:
“What I look to do is to point out how Austrian Theory not only debunks the fallacies that the anti-outsourcing advocates have been spawning, but also points out why the process makes sense economically, and not just for the countries where the investment takes place, but also the nations where the final goods are sold.” - The Economics of Outsourcing By William L. Anderson Posted on 4/21/2004 at http://mises.org/daily/1488 “In fact, when it comes to overall U.S. living standards, there is nothing special about outsourcing software technology. All that matters in this case is whether the Chinese and Indians sell for less than what current American software producers could earn in their next most lucrative employment. If so, outsourcing enhances U.S. living standards.” - Perils of Outsourcing By T. Norman Van Cott and Cecil Bohanon Posted on 2/11/2004 at http://mises.org/daily/1443 “After all, why shouldn’t firms outsource? Why shouldn’t the worker who is willing to render the best services for the least pay be the one who gets the job? Instinctively, most of us recoil in disgust at the suggestion that wages should reflect nothing more than the cold calculus of supply and demand. Yet few of us realize just how essential this “cold calculus” is for the long-run welfare of laborers themselves.” - In Defense of Outsourcing By Steve Piraino Posted on 1/23/2002 at http://mises.org/daily/877 |
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Also "Thriving in a Global Economy: The Truth about US Manufacturing and Trade" by Daniel J. Ikenson (of the Cato Institute) at https://forum.freecapitalists.org/t/thriving-r-u-kidding-me/127