The “Austrian” is Gerard Jackson who puts out weekly bulletins of opinion and commentary. This is his rejoinder to The Weekly article by the PM.
He accuses Hayek of treating the market as a “game” “specifically a game of ‘catallaxy'”. Thereby dishonestly giving the impression that like all games it is one of winners and losers. What Hayek actually said is that the market process is
‘a wealth-creating game (and not what game theory calls a zero-sum game), that is, one that leads to an increase of the stream of goods and of the prospects of all participants to satisfy their needs, but which retains the character of a game in the sense in which the term is defined by the Oxford English Dictionary: “a contest played according to rules and decided by superior skill, strength or good fortune”.’
He was making it abundantly clear that market itself is not a game, it is a process that left free from the hands of meddling politicians will raise society’s living standards. That Rudd does not agree with this does not give him the right to distort Hayek’s opinions.
The Prime Ministerial speech should have resulted in coast to coast mirth and disbelief, as if he had stood up and delivered a long defence of creation science last week. Due to the ignorance of the intellectuals and the commentariat, or maybe just their political bias, and the inertness of the Conservative forces, nothing much happened. Interestingly,when Mr Rudd gave his first anti-Hayek speech two or three years ago The Economist picked up his mistakes within the week.