WHY THE ACRIMONY - REPLY TO DAVIDSON

Our response to Davidson is two-pronged. First, we dispute the basis f or his dismissal of Austrian economics as presented by O'Driscoll and Rizzo. In particular, we reject his claim, dictated entirely by his Po st Keynesian perspective, concerning an ''identical axiomatic foundati on'' of Austrian and neoclassical economics. Second, we seek to show t hat Davidson's criticism Of neoclassicism (and by implication of Austr ianism) is based on a superficial, incorrect, and outmoded reading of neoclassical economics.