Monthly Archives: January 2009
A generation ago Keynesian economics was dead and buried, abandoned even by the most influential Keynesian economist of them all, John Hicks. It had been killed by the re-discovery of Hayek (by Robert Lucas , Alex Leijonhufvud, and John Hicks, … Continue reading
Leading economists answer Barack Obama and his false claims about the “stimulus”, in a full page ad running in the NY Times and the Wall Stree Journal.
ABSTRACT: “F.A. Hayek’s broad research program has led some to conclude that his impact on economics has been minimal. This citation study examines the frequency of Nobel laureates cited by other laureates in the official Prize Lectures to understand how … Continue reading
As an introduction to his new EconTalk discussion with Robin Hansen, George Mason University economists Russ Roberts writes the following: As far as I know, no prominent market-oriented economist has come out in favor of a trillion dollar increase in … Continue reading
Quotable: “The 1926 article does, however, take a different view from the 1945 article with regard to the explanatory sufficiency of equilibrium theory. The two sides the socialist calculation debate also differed on how much relevance the general-equilibrium approach has … Continue reading