Recent research by economists Moritz Schularick and Alan M. Taylor have confirmed the theory that economic booms are fueled by an excessive growth of credit. They have written a paper titled “Credit Booms Gone Bust: Monetary Policy, Leverage Cycles and Financial Crises, 1870–2008″ (http://www.nber.org/papers/w15512), published by the National Bureau of Economic Research.
A . . . → Read More: The Credit / Real Estate Cycle
Journalist / blogger Stacy McCain fields a few questions. This part caught our attention:
Q. Mr. McCain, how would you describe your political foundations, such as your economic, social and national defense leanings?
A. To begin with, I’m an ex-Democrat. As far as I’m concerned, anything that is good for the Democratic Party is bad . . . → Read More: The Making of an Ex-Democrat
Watch the video on YouTube and find other links here.
The books that influenced Friedrich Hayek:
1. (tie) Carl Menger’s Principles of Economics. HTML version here. PDF version here.
1. (tie) Carl Menger’s Investigation into the Method of the Social Sciences. PDF version here.
2. Ernst Mach, The Analysis of Sensations. Google Books version here.
3. Walther Rathenau’s The New Society. Google . . . → Read More: Hayek’s Book List
F. A. Hayek’s The Road to Serfdom is making another run on the Amazon bestseller list.
The Foundation for Economic Education has put up some new audio of Hayek speaking on law, socialism, and intellectuals from the early 1960s, now collected as part of the “Taking Hayek Seriously” audio collection:
“Hayek on ‘Meet the Press’” (mp3)
Hayek interviewed by John O’Sullivan
Hayek talk at FEE on law versus legislation.
Hayek at . . . → Read More: AUDIO: New Hayek on Audio
Bruce Caldwell speaking at the Heritage Foundation on Hayek and the America meltdown.
UPDATE: I’ve found a PDF text version of Cadlwell’s talk titled “Ten Mostly Austrian Insights for These Trying Times”. This is just an outstanding general introduction to Hayek’s political economy — I can’t recommend it highly enough.
Here are the section . . . → Read More: Meltdown – What Would Hayek Say?
Here are two excellent C-SPAN videos on F. A. Hayek’s mega-seller The Road to Serfdom.
Historian Bruce Caldwell discusses his new edition of F. A. Hayek’s The Road to Serfdom on C-SPAN. The Great Books Council of Delaware has a reading group discussion on Hayek’s The Road to Serfdom, with a special introduction featuring Lanny . . . → Read More: VIDEO: _The Road to Serfdom_ on C-SPAN
It’s a YouTube sensation — the Keynes vs. Hayek Rap:
I don’t think I’m going too far out of school if I report that Justin Wolfers in personal correspondence has identified F. A. Hayek as a serious influence on his own work in economics. Perhaps we shouldn’t be surprised then that Google Scholar identifies 328 publications jointly referencing the work of Wolfers and Hayek. Which . . . → Read More: Justin Wolfers – Hayek is a Serious Influence on My Own Work