Milton Friedman published in 1966 an essay, which arguably, combined with Keynes’ General Theory were the two pieces of literature most responsible for shunting economics on to the wrong track, to use the same expression William Stanley Jevons used to describe the influence of David Ricardo on the science’s development. FA Hayek once said he [...]
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No doubt I may well be the thousand and umpteenth person to blog this, though I thought I may as well do my bit to help spread this noteworthy video: \”Fear the Boom and Bust\” a Hayek vs. Keynes Rap Anthem Aside from the inaccurate portrayal of both men’s personalities (I think Hayek was much more of [...] I heard on the radio yesterday, the latest in the long spate of “advertisements” which the UK government uses to educate its hapless citizens that leaving their valuables lying around the house in places that are easily observable is generally not a good idea. The general gist of their message can be gleaned from the [...]
Economics is a little understood |
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