Manhattan Reborn 1978

new York.

night~

Manhattan, in front of the Blue Crystal Hotel.

José Aaron, one of Professor Bartlet's most protégés, sat in the car and waited quietly.

After a long time ~

David walked out of the hotel exhausted, and just as he was about to get into the car driven by Giovanni, he heard a call from the distance.

"David!"

"Jos?"

"You...haven't left, are you waiting for me?" David looked at Joss Aaron walking towards him and asked in surprise.

Jos nodded slightly apologetically to Giovanni and explained to David.

"I heard that you would come to the tutor after you went home and had dinner, so I wanted to come over and try my luck."

"Oh~" David understood, Joss Aaron must have something to talk to him alone, and smiled.

He glanced down at his watch and asked, "Want to sit at my bar?"

"Park your car here. I'll ask someone from the hotel to help you drive it back?"

"Okay!" José Aaron handed over the car keys very readily.

David took it, handed it to Giovanni, opened the car door and smiled: "Please~"

"Hahaha~"

. . .

Wildfire Bar, 42nd Street, Manhattan.

David sat at a table in the corner with José Aaron.

The night shift waiter, Sweet Dimple Martha, specially served the two of them the best beer in the bar.

José Aaron looked around curiously, then set his sights on the dimples Martha and Madonna, and smiled.

"Here, when did you buy it?"

"purchase?"

"No~ Actually, I didn't want to buy here at first."

"It was given to me by an elder." David sighed as he took a sip of the beer with a strong wheat aroma.

"Send..." Joss was speechless.

David smiled and shook his head.

He could understand Jos's mood at the moment, but he did not continue to expand on this topic and asked.

"You came here to see me specifically because you wanted to...?"

"Huh!" Joss took a sip of beer and looked at David and asked.

"I waited at the door of the hotel for three and a half hours and saw several of Professor Bartley's friends coming to visit him."

"Did you see them?"

"seen."

"What do you think of them?"

David smiled somewhat self-deprecatingly and asked, "You sat in the car for half the night just to ask me what I think of my mentor's friends?"

"Ok!"

"Okay~" David tilted his head and looked towards the bar, thought for a while and said.

"Tonight, those who came to visit Professor Bartley were Professor Paul Samuelson and his student Jagdish Bhagwati, as well as Professor Milton Friedman and Professor Robert Lucas Jr. , Professor Robert Mundell, Professor Israel Kirzner.”

"Oh, right!"

"Also, William Vickery, a financial advisor at the United Nations Development Planning Forecasting and Policy Center, also came to visit my mentor who has just recovered from a serious illness."

David saw the surprised expression on Jos's face and continued with a smile.

"I think it would be better if the famous economist Ludwig von Mises, known as the dean of the Austrian school of economics and one of the founders of the contemporary era."

"His successor must be Professor Israel Kirzner!"

"Professor Kirzner?" Joss repeated around him while holding the beer bottle in both hands.

"That's right!"

David leaned against the wall next to him, tapped the table with his right hand, and smiled.

“Professor Israel Kirzner, who has been a professor of economics at New York University from 1957 to the present, has published articles discussing the development of economic thought, focusing on the different research and development of economists on their research objects. Contained meaning.”

"The most important chapter of this book is an attempt to elaborate on the development of praxeological thought from Max Weber to Mises."

"Professor Ludwig von Mises often emphasized that the discussion of epistemological and methodological issues has profound significance for practical policies."

“Economics demonstrates the superiority of an unencumbered market society, and the validity of these arguments is based precisely on insights into human behavior that positivist thought dismisses as meaningless nonsense.”

"Professor Kirzner has always adhered to Mises' insights and firmly resisted the mechanistic view of the market."

"He constantly pointed out that economists should look beyond the equilibrium state and instead elaborate on the laws of the market process."

"So, in his work published in 63, he tried to provide a price theory textbook from the perspective of a market development process."

"The works published in 66 revealed the problems that economic process theory may face if it does not take into account the plans and purposes of individual economic subjects, but only pays attention to the concept of static equilibrium."

"In fact, mainstream economists have long been aware of the inherent flaws of the general competitive equilibrium model."

"In order to build a model on a frictionless norm, economists have to make a lot of assumptions..."

“In 73, his book “Competition and Entrepreneurship” published pointed out that the task of price theory should not mainly consider the composition of prices and the quantity that satisfies equilibrium conditions.”

"It should be that we study price theory because it helps us understand how the decisions of individual participants in the market interact to generate market forces. It is this force that drives changes in prices, production methods, and resource allocation."

"This is the key!"

David watched Joss' frown deepening and the deep confusion in his eyes, and continued to laugh.

"Professor Kirzner is clearly a staunch opponent of excessive government intervention in market development."

"Many of his theoretical research and views against government interference in the market have used Professor Mises and Hayek's theoretical views, and even their core ideas."

"Professor William Vickery, who currently works at the United Nations, began to emerge in academia in the late 40s, especially in the field of optimal tax structure research. He gradually stood out and became an authoritative figure in finance."

"His book "The Progressive Tax Agenda" published in 1949 has become a classic study of fiscal and taxation issues."

"For many years, Professor Vickery has been involved in optimal pricing theory for utilities and transportation, and his research scope includes reactive pricing, urban congestion charging, simulated futures markets, inflation on utility regulation, and the impact of pricing-based charging methods. He is one of the most authoritative experts and scholars in the country.”

"Although most of his research focuses on specific market mechanisms, his research is of great value to people's understanding of more general market mechanisms and the establishment of general theories of market microstructure~"

"For example, he is concerned about asymmetric information..."

Joss Aaron's hands holding the beer bottle slowly came together.

He listened quietly to David's "non-stop" evaluation of the "big guys" in the economics field and their theoretical research contributions.