Monthly Archives: April 2011

VIDEO: Larry Summers with Martin Wolf at Bretton Woods — Hayek Resembles that Remark

Larry Summers’ remarks at Bretton Woods on liquidity and asset markets, his remarks on tractability in economics, economic education, and the advance of science, etc. are very Hayekian in flavor — for all of Summer’s vulgar Keynesian political economy and … Continue reading

Posted in Larry Summers, Macroeconomics | 1 Comment

GRAPH(S) OF THE DAY

The constantly updated “Fed Watch: Hayek is Rolling Over in his Grave” graph page collecting the most important Federal Reserve monetary charts on one web page.

Posted in Graphs | Comments Off on GRAPH(S) OF THE DAY

WISCONSIN & THE DEATH OF THE RULE OF LAW

“Pragmatism” without principle in action:  “This is judicial activism in its purest and most invidious form. Results, not due process of law, quite clearly governed Judge Sumi’s every action. It matters not what one feels the proper scope of public … Continue reading

Posted in Rule of Law | Comments Off on WISCONSIN & THE DEATH OF THE RULE OF LAW

ARTICLE: Horwitz Explains Hayek vs Keynes on Production Goods & Investment

Steve Horwitz, “Contrasting Conceptions of Capital:  Yet Another Look at the Hayek-Keynes Debate”. Abstract: Although much of the debate between Hayek and Keynes is today portrayed in terms of policy differences, those are not the most fundamental divisions between their … Continue reading

Posted in Capital Theory, investment, Keynes | Tagged , | Comments Off on ARTICLE: Horwitz Explains Hayek vs Keynes on Production Goods & Investment

Brad DeLong Goes the Full Hayekian

In order to explain today’s economic troubles, uber-Keynesian Brad DeLong resorts to Don Boudreaux’s Hayek-inspired metaphor of puzzle piece coordination. UPDATE:  Much more on DeLong and macro-economic coordination from Steve Horwitz.  Highly recommended.

Posted in recalculation | 1 Comment

APRIL FOOLS TWITTERS @friedrichhayek …

@friedrichhayek April 1st, 2011: There he goes again — Paul Krugman calls Hayek “the Automaton from the planet Trantor” Funnyman Paul Krugman belittles economist Hayek as “living dead” leader of “Seltzer Water” economists: http://bit.ly/fndz9G ignorant #PaulKrugman – falsely accuses Hayek … Continue reading

Posted in Fun, Tweets, Twitter | Comments Off on APRIL FOOLS TWITTERS @friedrichhayek …