Monthly Archives: September 2010
If not, Raghu Rajan evidently has an instinctive understanding of Hayekian thinking on global macroeconomic coordination. You can read Hayek’s Monetary Nationalism and International Stability here. These are the sorts of macroeconomic coordination problems that many “free-traders” seem not to … Continue reading
Amazon is currently selling F. A. Hayek’s The Road to Serfdom for $8.99, which is $8.01 off the cover price. The Kindle Edition price has been cut to $8.54, which is $8.46 off the regular price. In other words, the … Continue reading
F. A. Hayek, “Planning, Science and Freedom”, Nature, Nov. 15, 1941, Vol. 148, pp. 580-584. Quotable: The reasons why the adoption of a system of central planning necessarily produces a totalitarian system are fairly simple. Whoever controls the means must … Continue reading
Robert Sirico on Muso Ayau, founder of the Universidad Francisco Marroquín and former President of the Mont Pelerin Society.
The additional power that is being granted to experts under the Obama administration is striking. The administration has appointed “czars” to bring expertise to bear outside of the traditional cabinet positions. Congress has enacted sweeping legislation in health care and … Continue reading
Jerry O’Driscoll explains how a competent understanding of the phenomena requires Hayekian thinking.