Roubini on Hayek

I’ve just read Nouriel Roubini sub-chapter on “Austrian Economics” from his book Crisis Economics, and it must be said that the thing is an embarrassment of faked “scholarship”.  It’s painfully obvious that man knows next nothing of the work of Friedrich Hayek on money and trade cycle theory, nor does he know the work of . . . → Read More: Roubini on Hayek

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One of the things I most regret is not having criticized Milton [Friedman's] Essay in Positive Economics, which in a way is quite as dangerous a book [as Keynes' General Theory]. — F. A. Hayek

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