Category Archives: B*llsh*t
Peter Boone & Simon Johnson: “According to Friedrich von Hayek, the development of welfare socialism after World War II undermined freedom and would lead western democracies inexorably to some form of state-run serfdom.” HT to Don the Libertarian Democrat in … Continue reading
The leftist tracts on “neoliberialism” are full of it. Hayek is perhaps the most outstanding critic of the “homo economicus” idea among all mainstream economists — criticisms which had virtually no influence within the Chicago school of economics. But from … Continue reading
Paul Krugman and Tyler Cowen spew ink in the water on Hayekian macro — and an army of blogosphere Davids swoop in to decontaminate.
The second-hand dealers in ideas constantly make a hash of things. Justin Fox is a multi-time offender when it comes to spreading falsehoods about Hayek’s economics, and his latest is to get Hayek’s post-bust economics all wrong. Hayek explicitly opposed … Continue reading