Chrystia Freeland — “Who’s Lying about Hayek Now” Winner!

Here in Reuters.   No, Chrystia, you won’t find “God-given rights” in Hayek.  It pays to slow down enough to get your facts in order, while in the midst of typing away.  Chrystia is “Global Editor-at-Large” for the often suspect news source Reuters.

Fukuyama vs Everyone on Hayek & The Constitution of Liberty

International relations academic Francis Fukuyama thought he’d get away with an amateurish and error-ridded review of F.A Hayek’s reknowned The Constitution of Liberty. But it isn’t 1992 anymore. It’s 2011 and there’s now this thing called the “Internet” overstuffed with authentic experts on any topic you can think of, including scholars who’ve spent time carefully . . . → Read More: Fukuyama vs Everyone on Hayek & The Constitution of Liberty

What Physics Student Noah Smith Learned in His 2nd Year of Grad School Macroeconomics

Here. Quotable:

There were two other big conclusions I drew from that [2nd year macro] course.

The first was that the DSGE framework is a straitjacket that is strangling the field. It’s very costly in terms of time and computing resources to solve a model with more than one or two “frictions” (i.e. realistic elements), . . . → Read More: What Physics Student Noah Smith Learned in His 2nd Year of Grad School Macroeconomics

Francis Fukuyama on Hayek in the NY Times Book Review

Here. I’ve got to say, this may be the most incompetent thing Fukuyama has written on Hayek yet. Fukuyama is producing the kind of work that gives so many second hand dealers in ideas such a bad name. Hayek directly asserts the exact opposite of the positions attributed to him by Fukuyama. Fukuyama even gets . . . → Read More: Francis Fukuyama on Hayek in the NY Times Book Review

A Helpful Discussion on Hayek, Deflation, Overpriced Labor, etc.

Here.

The Most Important Contemporary Work in Political Philosophy is Grounded in Hayekian Social Theory

The big news in political philosophy is Gerald Gaus’s important new work The Order of Public Reason: A Theory of Freedom and Morality in a Diverse and Bounded World. Will Wilkinson flags a noteworthy symposium on Gaus’s book which has taken place over at the Public Reason political philosophy blog. As Wilkinson notes, Kevin Vallier . . . → Read More: The Most Important Contemporary Work in Political Philosophy is Grounded in Hayekian Social Theory

A Grad Student Weighs in on Contemporary Grad School Macro

Graduate student Noah Smith reports on the state of graduate education in macroeconomics — here’s the part I found most interesting (but read the whole thing):

.. as someone who never studied econ as an undergrad (I was a physics major), I learned everything I know about macro from my grad courses. If there is . . . → Read More: A Grad Student Weighs in on Contemporary Grad School Macro

Over 1/2 Million Page Views (Sitemeter) Since THS Re-Design & Meter Reset

Thanks everyone.

Brad DeLong — a Disgrace to Scholarship, a Disgrace to Science

Brad DeLong is deleting brief comments to his blog with the following quotes from Hayek which plainly lay out the situation as Hayek saw it, providing the background for his statements on British policy in the 1925-1936 period. These statements more than any other satisfy DeLong’s pretended interest in gaining an understanding of Hayek’s policy . . . → Read More: Brad DeLong — a Disgrace to Scholarship, a Disgrace to Science

Hayek, British Deflation, Keynes, DeLong, 1925-1932 and all that

Here is some of what Friedrich Hayek actually wrote and said about deflation, British economic policy 1925-1936, Keynes, etc. [More will be added later, time permitting].

Hayek:

“The moment there is any sign that the total income stream may actually shrink [during a post-bust deflationary crash], I should certainly not only try everything in . . . → Read More: Hayek, British Deflation, Keynes, DeLong, 1925-1932 and all that

Hayek Fan Stephen Harper Wins Solid Majority in Canada

CTV reports.

YOUTUBE: Hayek vs Keynes Producer John Papola Interviewed by Judge Napolitano

Here.

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Random Quote

The tragedy of collectivist thought is that, which it starts out to make reason supreme, it ends by destroying reason because it misconceives the process on which the growth of reason depends. — F. A. Hayek

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