John, present day Austrians are in many ways warped versions of the ideas originally expressed by Hayek and Schumpeter. I completely agree that present day Austrians deserve little or no credit for economic insight at all. However, if you watch a recent youtube video by Steve Keen (url to follow) you can see that many of the ideas expressed by Hayek and Schumpeter are actually expressions of the aspects of the natural psychological expression of the experience of Grace. Now, having said that, Austrianism, even as Hayek conceived it, is still mere economics because it misses the Social Credit insight that the most basic problems of the economic and monetary systems is that they create a scarcity of actually available individual incomes in ratio to total costs/and so total consumer prices. Social Credit’s two mechanisms of the dividend and retail discount…being the economic and monetary equivalents of monetary grace the free gift/Gifting are what would set both the individual free and make the system free flowing as well. Present day Austrianism is actually the perfect expression of the latin phrase demon est deus inversus, i.e. the devil is God upside down. As for socialism, I have absolutely no qualms with its intentions which are a more equitable economic democracy, but as a RE-distributed scarcity still remains a scarcity…it does not solve the deepest actual problem of the economy. It takes a gracious and costless Distributive gift to accomplish that.