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on the reality of current economic situation and how we got here.

Hayek vs Keynes in the Wall Street Journal

Gerald O’Driscoll explains the significance of the Hayek vs Keynes debate of 1932 for today.  Quotable:

“Is all spending equally productive, or should government policies aim to simulate private investment? If the latter, then Mr. Obama is following in FDR’s footsteps and impeding recovery. He does so by demonizing business and creating regime uncertainty through . . . → Read More: Hayek vs Keynes in the Wall Street Journal

A Lecture for Our Time

Gerald O’Driscoll takes a look at Hayek’s “The Pretence of Knowledge”.

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Random Quote

Right after we published our first findings [on path dependence and complexity theory], we started getting letters from all over the country saying, ‘You know, all you guys have done is rediscover Austrian economics’ .. I admit I wasn’t familiar with Hayek and von Mises as the time. But now that I’ve read them, I can see that this is essentially true. — Brian Arthur

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