Monthly Archives: February 2010

Tom Woods Explains Hayek & the Boom / Bust

A primer on Hayekian macro and the current economic crisis, from the author of Meltdown.

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Hayek vs Keynes

In The Independent.

Posted in Boom & Bust, Keynes | Comments Off

Mark Steyn does Hayek (again)

A central theme in The Road to Serfdom is that the interventionist state transforms the character of the people.  Mark Steyn puts a highlighter pen to the issue in his autopsy of the Greek collapse.  Heres a snip, the whole … Continue reading

Posted in Ethics | 1 Comment

Organizations & the Local Knowledge Problem

Tim Harford: A new reality television show, Undercover Boss – which has migrated to the US after airing on Channel 4 last summer – tries to tap into the dissonance between bosses and front-line staff by filming as a senior … Continue reading

Posted in Local Knowledge | 1 Comment

Hayek Lives

Most economists think that macroeconomic disruptions, such as the current recession, can be understood in terms of aggregate indicators such as total employment, the price level, and the money supply. But this view is misleading, particularly in the current economic … Continue reading

Posted in Boom & Bust | Comments Off

Arnold Kling on the Pseudo-Science of Macroeconometrics

Few economists have a sophisticated theoretical education in macroeconometric modeling — many are the equivalent of children playing with a computer game they really don’t understand.  Arnold Kling is not one of these.  In a series of essays Kling has … Continue reading

Posted in Macroeconometrics, Scientism | 1 Comment