Murphy backtracks on inflation call

By Greg Ransom, on October 1st, 2010%

A rare mea culpa from an economist.

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money: Eamonn Butler on Hayek & Inflation

By Greg Ransom, on March 28th, 2009%

Eamonn Butler of the Adam Smith Institute explains how inflation — the manufacturing of money and credit — changes the shape of the economy into a form that will collapse when the surge of new money and credit comes to an end:

Inflation brings many evils, of course. As the Nobel economist F A Hayek . . . → Read More: money: Eamonn Butler on Hayek & Inflation

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interview: Hayek on Money, Keynes, Friedman & Gold

By Greg Ransom, on February 26th, 2009%

Quotable:

Q: You taught with Lord John Maynard Keynes at the same university, did you not?

Hayek: I taught at his university while he was advising government. We at the London School of Economics were evacuated to Cambridge for the whole World War II period, and Keynes got me rooms in his college. But he . . . → Read More: interview: Hayek on Money, Keynes, Friedman & Gold

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inflation: Hayek on Meet the Press in 1975

By Greg Ransom, on February 25th, 2009%

You can read the transcript here.  Or listen to the audio.  The interview is from June 22, 1975.

Quotable:

Levine:  “Dr. Von Hayek, the general belief among administration economists now is that we are near or at the bottom of the recession that we’ve been going through. Do I understand you to be . . . → Read More: inflation: Hayek on Meet the Press in 1975

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Much of my research work since the 1950s has been focused on issued in welfare economics viewed from an informational perspective. The ideas of Hayek (whose classes at the London School of Economics I attended) have played a major role in influencing my thinking. — Leonid Hurwicz
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