Making Economic Sense

Austrian economists have a lot of problems with neoclassical economics.  But I have to admit that when I read any neoclassical economists who has really mastered basic economic reasoning and rational choice analytics they make more sense to me than when I read the writings on similar topics provided by historians, political scientists, sociologists and philosophers.  A case in point is Gary Becker's post this week on sustainable development.

Note the dynamic adjustment properties of markets that Becker is highlighting in his post.