DAVID LAIDLER ON MONETARY THEORY & THE CURRENT ECONOMIC BUST

“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.

HARVARD UNDERGRADUATE THESIS ON HAYEK

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 Hayek’s Austrian business cycle theory offered a more promising link to the growth-theoretic long run . . . → Read More: HARVARD UNDERGRADUATE THESIS ON HAYEK

ANTHONY HARRINGTON

Rediscovering Hayek.

NEW BOOKS

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 to Serfdom:  The Resurgence of Statism, edted by Thomas Woods. Hayek, Mill, and the Liberal . . . → Read More: NEW BOOKS

BRITISH CHARACTER

What happened?

ARNOLD KLING — HAYEKIAN OF THE DAY

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 causal mechanism, while the other appeals to “And Then A Miracle Occurs” (see the work . . . → Read More: ARNOLD KLING — HAYEKIAN OF THE DAY

TOM PALMER — INTERVIEW

Quotable:

Did anyone or any event especially influence your beliefs in life?

When I was young, I had the opportunity to attend a lecture given by [Friedrich August] von Hayek, the great Austrian economist whom I quite admired. And at the end of the lecture, someone asked a question. I’ll never forget von Hayek’s reply . . . → Read More: TOM PALMER — INTERVIEW

ARTICLE — “THE CURRENT EVIDENCE FOR HAYEK’S CULTURAL GROUP SELECTION THEORY”

here. (pdf)

CALL FOR PAPERS — “HAYEK & BEHAVIORAL ECONOMICS”

CALLL FOR PAPERS

“Hayek and Behavioural Economics” (2011). Palgrave Macmillan. Vol 4 of Archival Insights into the Evolution of Economics. Robert Leeson Series Editor. Vol 4 editors, Roger Frantz and Robert Leeson.

Papers on all aspects of Hayek’s work as it relates to behavioral economics defined broadly which includes but not limited . . . → Read More: CALL FOR PAPERS — “HAYEK & BEHAVIORAL ECONOMICS”

GRAPH OF THE DAY

ht Calculated Risk.

YES, THERE IS NO INTELLECTUAL DIVERSITY

At Yale University.

STUFF BY HAYEK YOU’VE NEVER READ — “THE ECONOMICS OF PLANNING”

Sometime in the 1940s Hayek’ presented a popular version of the arguments found in his “Use of Knowledge in Society” and “Collectivist Economic Planning” essays to the Oxford University Liberal Club, which was published in the mimeographed “official organ” of that club called “The Liberal Review”.

The essay is six single-spaced pages of manual typewriter . . . → Read More: STUFF BY HAYEK YOU’VE NEVER READ — “THE ECONOMICS OF PLANNING”

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Random Quote

I believe we can now demonstrate that socialism is altogether based on an intellectual failure to comprehend the conditions under which we are able to produce enough to satisfy our expectations. — F. A. Hayek

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