DAVID BECKWORTH, F. A. HAYEK, AND MONETARY DISEQUILIBRIUM

A helpful discussion.

GRAPH OF THE DAY

From Bob Murphy’s reply to Paul Krugman on the Great Recalculation.

IT’S REMEDIAL EDUCATION TIME FOR PAUL KRUGMAN

Robert Murphy helps Paul Krugman with the economic education he didn’t get at MIT.

Best part — Murphy’s reply to Krugman’s confused “empirical” challenge to the Hayekian account of the Great Recalculation.

$100-$200 — THE PRICE OF “UNIVERSITY ECONOMICS” IN GOOD CONDITION

Getting a copy of Alchian & Allen’s classic University Economics will set you back at least $56, and a copy in good or excellent condition will run you $100-200 dollars.

Anyone have any old copies sitting around they can cut me a deal on?

CHARLES BAIRD IN A VW BEATTLE WITH F. A. HAYEK

“I picked Hayek up from the airport in my VW Beetle and drove him to the Mills campus. I tried to talk with him about his work, but he seemed much more interested in learning about me.”

From the Berkeley econ department to Virginia, UCLA, & Austrian economics, how Charles Baird discovered economics can be . . . → Read More: CHARLES BAIRD IN A VW BEATTLE WITH F. A. HAYEK

DON BOUDREAUX — HAYEKIAN OF THE DAY

Don talks about inflation, aggregates, and other matters with Russ Roberts.

GEORGE WILL — HAYEKIAN OF THE DAY

Larry Summers and Baumol’s Law.

“HOW I BECAME AN ADVOCATE OF LIMITED GOVERNMENT”

James Ahiakpor tells his story:

“The saying that “a conservative is a socialist mugged by reality,” or something to that effect, pretty much explains my journey toward my present views on the beneficence of market freedom, limited government spending, taxation, privatization and deregulation. I grew up in Ghana, West Africa, during the socialist experiments of . . . → Read More: “HOW I BECAME AN ADVOCATE OF LIMITED GOVERNMENT”

THE TEST FOR ANY ECONOMIST IS THE ABILITY TO THINK ECONOMICALLY

Paul Krugman fails the test.

GRAPH OF THE DAY

Robert Murphy explains the graph and argues for Hayekian macro and against Scott Sumner here.

WILL THE REAL “AUSTRIAN” PLEASE STAND UP

Or, PAUL KRUGMAN DISSEMBLES AGAIN.

David Beckworth and Scott Sumner — citing Hayek, Selgin, Horwitz, and White — claim the mantle of Friedrich Hayek in making their case for NGDP targeting, quantitative easing, and a monetary disequilibrium understanding of the current economic pathology.

And Beckworth explicitly cites Hayek as among those who informed and inspired . . . → Read More: WILL THE REAL “AUSTRIAN” PLEASE STAND UP

HOW TO MAKE HAYEK LAUGH — AND HOW TO MAKE HIM ANGRY

Recollections of F. A. Hayek from Ronald Hamowy, part of his essay “Rothbard and Hayek: A Personal Memory” collected in Walter Block’s I Choose Liberty:  Autobiographies of Contemporary Libertarians:

“F.A. Hayek began his career at the University of Chicago in the fall of 1950, and during his tenure there he was associated with the Committee . . . → Read More: HOW TO MAKE HAYEK LAUGH — AND HOW TO MAKE HIM ANGRY

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Random Quote

The more the state ‘plans’, the more difficult planning becomes for the individual. — F. A. Hayek

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