Lippmann publicly abandoned planning language under the influence of Austrian economics

Evidence

Gone were all references to “free collectivism”: in The Good Society all activities that could fall under the rubric of “planning” were expressly reviled. … Since joining the Herald Tribune, Beard wrote, Lippmann had “been going Right as fast as his supple legs will take him.” But he rejected “the idea that Lippmann has sold out to the rich. Some men do not sell out. They go over gradually through association. They are buttered by fl attery. They sink softly into soft carpets and cushions. Having no steel in their systems, having never slept on the hard ground, they hanker after those things that tend to effeminacy, and plutocracy provides just those things.” — Angus Burgin, The Great Persuasion, 155

Categorization

• XREF: The Beard critique foreshadows later accusations of soi-disant rightward drift among converts, mirroring debates in the Mont Pèlerin historiography. — connects to: Coase’s transaction-cost theory undermined the belief in bureaucratic planning efficiency — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin: The Making…, 461; Austrian economic readings converted Lippmann against planned economies by 1937 — Angus Burgin, The Great Persuasion: Reinventing Free…, 154

Broader Connections

• Austrian economic readings converted Lippmann against planned economies by 1937 #corroborates (0.90) — Angus Burgin, The Great Persuasion, 154
• Coase’s transaction-cost theory undermined the belief in bureaucratic planning efficiency #expands (0.80) — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 461