Monthly Archives: April 2009

audio: Roger Garrison on Boom & Bust Theory in the Real World

Roger Garrison presents Hayekian business cycle theory in a FEE podcast from last year (mp3).  Excellent stuff.  Garrison gives his take on the size and scope of the present bust in the last section of his presentation.  This is not … Continue reading

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road to serfdom: Now #247 at Amazon among All Books

The amazing sales run on Friedrich Hayek’s The Road to Serfdom continues — it’s currently #247 among all books at Amazon. Why the remarkable sales spike?  Well, in the midst of the current turmoil all sorts of people are talking … Continue reading

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road: The Motley Fool Top 5 Financial Must-Reads

In a time of turmoil which books on business, finance, and investing are worth your time?  Here is Motley Fool co-founder Tom Gardner’s reading list: “Elementary school” — One Up on Wall Street by Peter Lynch. “Junior high” — Investment … Continue reading

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audio: Bruce Caldwell on Friedrich Hayek & 20th Century Economics

Here’s a great discussion on the economics of Friedrich Hayek (mp3) placed in the context of the history of economics and philosophy of science.  The speaker is Bruce Caldwell, author of Hayek’s Challenge.

Posted in Alfred Marshall, Biography, Bruce Caldwell, Collected Works, Ernst Mach, Friedman, Philosophy of Science, Positivism, Spontaneous Order | Comments Off on audio: Bruce Caldwell on Friedrich Hayek & 20th Century Economics

interview: Hayek on Statistics & Macroeconomic Explanation

Below I’ve posted a conversation between Friedrich Hayek and Leo Rosen from 1978 in which Hayek presents some of his conclusions about the relationships between statistics, probability theory, and macroeconomic explanation. Note well when reading the following that Friedrich Hayek’s … Continue reading

Posted in Biography, Explanation, Probability Theory, Statistics | 1 Comment

journalism: BusinessWeek vs. the Macroeconomists

Reporter Peter Coy takes on the macreconomics profession in a BusinessWeek cover story titled “What Good Are Economists Anyway?”  The story inside is titled, “Hey, Economics Geniuses, What Happened?” Here’s an email I dashed off to Mr. Coy: Peter — … Continue reading

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