Steve Horwitz, “Contrasting Conceptions of Capital: Yet Another Look at the Hayek-Keynes Debate”.
Although much of the debate between Hayek and Keynes is today portrayed in terms of policy differences, those are not the most fundamental divisions between their conceptions of economics. I argue that their economics diverges most significantly in how they understand . . . → Read More: ARTICLE: Horwitz Explains Hayek vs Keynes on Production Goods & Investment