Monthly Archives: May 2009
Talented mainstream economists like William White, chief economist of the Bank of International Settlement, used “Austrian” thinking about the relation between monetary and fiscal policy and the time structure of production and investment as part of their modeling strategy to … Continue reading
From an appreciation by John Gizzi: Having majored in physical education at California’s Occidental College, the Buffalo Bills great read the works of Milton Friedman and von Hayek between games. UPDATE: The case against Jack Kemp.
classless: John Kenneth Galbraith Insulted Hayek at an Anniversary Celebration of the Vienna Economics Institute
John Kenneth Galbraith’s son James Galbraith recounts the following story: I can’t resist telling you that when the Vienna Economics Institute celebrated its centennial, many years ago, they invited, as their keynote speaker, my father [John Kenneth Galbraith]. The leading … Continue reading