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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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 [...] I came across a set of interesting and really fun to read comics explaining basic economics from first principles recently. I hope readers enjoy them as much as I did! Human Action Comics #1 Human Action Comics #2 Human Action Comics #3 Human Action Comics #4 I especially liked parts 2 and 3 on the theory of value, showing Marx [...] |
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