Monthly Archives: January 2011
“The Monetary Economy and the Economic Crisis” by David Laidler, with a long section on Friedrich Hayek and Forced Savings. Laidler is the recognized dean of 20th century monetary economics.
Tyler Goodspeed (History and Economics) ABSTRACT: “Rethinking the Keynesian Revolution: Keynes, Hayek, and the Wicksell Connection” This thesis deals with the theoretical contest between J.M. Keynes and Friedrich Hayek over the origins of the business cycle. I contend that although … Continue reading
Some new titles at Amazon which may interest readers here. The Politically Incorrect Guide to Socialism by Kevin Williamson. When Money Dies: The Nightmare of Deficit Spending, Devaluation, and Hyperinflation in Weimer Germany, by Adam Ferguson. Back on the Road … Continue reading
Recalculation thinking vs AS-AD thinking. Sort of like the difference between adaptation thinking at the margin in Darwinian biology versus Platonic / Aristotelian thinking about biological kinds. Kling misses the fact that one kind of thinking provides a satisfying naturalistic/non-magical … Continue reading