Gerald O’Driscoll on Crony Capitalism

By Greg Ransom, on April 19th, 2010%

and the price system.

Compare also Arnold Kling on the looting classes.

One comment - (Comments are closed)   Relative Prices

Hayekian Economist Gerald O’Driscoll

By Greg Ransom, on July 31st, 2009%

On the housing market:

Government programs to prop up home prices have been half-hearted and ineffective overall, and mercifully so. A successful program to prop up home prices would have aborted the recovery process. It would have created an overhang of unsold, over-priced homes. Speculators would have held off buying and first-time buyers would have . . . → Read More: Hayekian Economist Gerald O’Driscoll

Comments are closed   Boom & Bust, Relative Prices

hayek v keynes: Don Boudreaux Has Been Re-Reading his Hayek & Keynes

By Greg Ransom, on March 21st, 2009%

The chairman of the George Mason Econ department has gone back to re-read the classic works of Hayek and Keynes from the 30s and 40s, and reflection on the writings of the two top economists of the last 100 years has inspired some killer op-eds in the popular press.

From the Daily Record, March 21, . . . → Read More: hayek v keynes: Don Boudreaux Has Been Re-Reading his Hayek & Keynes

2 comments - (Comments are closed)   Boom & Bust, Capital Theory, Keynes, Relative Prices
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Our task [as economists] is to show how only a market and a competition-determined price system can enable us from day to day to adjust a worldwide division of labor to ever-changing circumstances and to maintain that degree of productivity which we need in order to keep the population of the world alive. — F. A. Hayek
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