An MP makes sense

No, I'm not making this up.

Steven Baker is the MP for Wycombe in the U.K. and he writes,

I had the great pleasure last night of speaking to the Economic Research Council on the subject of Political Economy and the Crisis. I argued that:

Economics should become political economy, embracing the problem of knowledge in the social sciences, morality (think Adam Smith’s Theory of Moral Sentiments) and public choice theory, in particular.

• Classical liberalism is the most robust political economy.
• The Austrian School offers important insights, particularly into business cycles and capital theory.
• The Austrian School predicted and intellectually survived the crisis.
• That reality is, or should be, a challenge to the contemporary paradigm.
• The implications for financial reform are profound.

I wonder how many MPs in N.Z. have ever said such things!