Monthly Archives: March 2011

NOSTRADAMUS: LIFE MAGAZINE ON LIBERALISM IN 1945

In 1945 LIFE magazine peers into the future: “Why did the liberal philosophy which once supported [the forward looking] state of mind deteriorate?  First, because it could not reconcile its humanitarian beliefs with its laissez-faire economics.  After it abandoned laissez-faire … Continue reading

Posted in Liberalism | 1 Comment

HAYEK ECON BOOKS FREE FOR DOWNLOAD FROM GOOGLE

F. A. Hayek’s most important books in economics are free for download from Google in both a Google web edition and in PDF format, including Individualism and Economic Order, The Pure Theory of Capital, Choice in Currency, A Tiger by … Continue reading

Posted in Books | 3 Comments

THE HAYEK TWITTER GAME

The game: take a sentence or two of Hayek’s clause and qualification ridden Germanic prose, and turn it into a 144 character twitter. Example. Here’s a brief passage from Hayek 1976 essay “Socialism and Science” posted a few days ago … Continue reading

Posted in Twitter | 2 Comments

MANDELBOX VIDEO — INFINITE COMPLEXITY VISUALIZED

Here.

Posted in Complex Phenomena, Complexity Theory | 1 Comment

VIDEO — STEPHEN MARGLIN & WILL WILKINSON DISCUSS HAYEK

Here’s the core of Stephen Marglin’s “Two Cheers for Hayek” argument, justaposing the claims of market coordinated local knowledge against the claims of community.  In sum, “we have enough, let’s slow down”:

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QUOTE OF THE DAY — CREDIT CYCLES & FINANCIAL CYCLES

For half a century, we monetary economists have focused overwhelmingly on the inflation/disinflation cycle.   If we said monetary policy was too easy at some point, we were thinking of the dangers of inflation.  If recessions resulted from monetary tightening, the … Continue reading

Posted in credit cycle, financial cycle | Comments Off