Category Archives: Macroeconomics
Explained by the economist George Soros should have invited to his conference — Robert Higgs. Highly recommended (pdf).
Paul De Grauwe “Top Down versus Bottom Up Macroeconomics” presented at the What is Wrong with Modern Macroeconomics? conference in Munich, Germany Nov. 6-7: In order to understand the nature of different macroeconomic models it is useful to make a distinction between … Continue reading
Now on-line in PDF: Friedrich Hayek’s Profits, Interest and Investments and Other Essays on The Theory of Industrial Fluctuations, originally published in 1939 by George Routledge & Sons (London), via the on-line book repository of the Mises Institute. Besides the … Continue reading
Two more economists weigh in on the “what is wrong with macroeconomics” question: The economics literature is full of different models, each one assuming that it adequately captures how all rational market participants make decisions. Although the free-market Chicago school, … Continue reading
From philosopher Alex Rosenberg and economists Bob Murphy and Mario Rizzo.
John Maynard Keynes never had anything like what we would call a graduate education in economics. He was a brilliant amateur with massive gaping blind spots in his economic education — Friedrich Hayek’s well considered judgment was that Keynes had … Continue reading