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.
Posted in Tweets
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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
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
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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
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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
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