Is academia about objectively seeking the truth? If so, doesn’t that require reading a representative sample of all the schools of thought on a particular subject, and then coming to a conclusion? Apparently not. Harvard economist Greg Mankiw admits he hasn’t read much Mises, but regularly offers strong advice on monetary policy issues regardless. Mankiw explains that mainstream economists think “[t]hings written more than twenty or thirty years ago are…irrelevant”. To his credit, he then goes on to say that Hayek’s Road to Serfdom contains many important insights.