Milton Friedman meets Karl Popper, talks philosophy of science

From a good interview with Milton Friedman from 1992:

“One of the major benefits that I personally derived from the first meeting of the Mont Pelerin Society in 1947 was meeting Karl Popper and having an opportunity for some long discussions with him, not on economic policy at all, but on methodology in the social . . . → Read More: Milton Friedman meets Karl Popper, talks philosophy of science

VIDEO – Michael Goldberg at INET Berlin on Non-Routine Change, Imperfect Knoweldge & the Failure of REH Modeling

USS Titanic ..

Jonathan Catalan

gets it …

Hundreds of “Hayek” Tweets from FriedrichHayek on Twitter

Here’s an archive of “Hayek” tweets Twittered from FriedrichHayek on Twitter.

Axel Leijonhufvud on the Causes of the Current Crisis

From Axel Leijonhufvud’s INET Berlin paper “The Unstable Web of Contracts”:

“The bubble that burst was caused by a lengthy period of interest rates that were too low. We are now trying to cure the consequences by maintaining still lower interest rates for a lengthy period.6

6Ludwig Mises and Friedrich Hayek would have told . . . → Read More: Axel Leijonhufvud on the Causes of the Current Crisis

VIDEO – William White at the Berlin INET Conference

Beginning at about the 5:30 mark former BIS chief economists William White explains why the Keynesian “solution” has failed and why the “Hayek vs Keynes” debate is one again:

I’d also recommend Roman Frydman’s case against the Phelps / Lucas macroeconomic modeling strategy, for those with a technical / mathematical bent:

And an . . . → Read More: VIDEO – William White at the Berlin INET Conference

Google De-Lists “Taking Hayek Seriously”

Taking Hayek Seriously has been removed from Google search engine results.

Anyone have any idea why that would have happened?

VIDEO: Ideas Having Sex – How the Extensive Exchange of Objects Leads to Innovation

I Love This Video! — Economics is NOT a science like physics & astronomy

I would just add: economics IS a science, like Darwinian biology, global brain theory, and other essentially complex sciences.

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Random Quote

Apart from intellectual influences, the impetus toward totalitarianism comes mainly from two great vested interests: organized capital and organized labor. — F. A. Hayek

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