Monthly Archives: April 2009
Hayek consistently asserted that the work of John Maynard Keynes was a retrograde throwback to the backward looking, pre-marginalist, objective cost, distributional thought of the classical British economists, a brand of thinking that had been smuggled into post-marginalist economics by … Continue reading
One of the men who called the artificial boom and inevitable bust — Bank of International Settlements chief economist William White — confronted Fed chairman Alan Greeenspan personally at the annual meeting of the Kansas City Fed in August of … Continue reading
A “enhanced expectations” model of misdirected investment can be found already in F. A. Hayek’s Monetary Theory and the Trade Cycle — see Lecture IV were Hayek talks of an unsustainable boom sparked by enhanced profit expectations — but David … Continue reading
Sudha Shenoy’s introduction to her influential 1972 book A Tiger by the Tail: The Keynesian Legacy of Inflation — a compilation of writings by Hayek on Keynes and macroeconomics — is now online. Jeff Tucker introduces the late great Sudha … Continue reading
Read a description of each paper and find links to each of them here. Great stuff.