Hayek’s Nobel lecture on 11 December 1974, on the pretence of knowledge.
Posts Tagged ‘Hayek’
Hayek and Robbins Caused the Great Depression?
Lawrence White corrects Friedman, Bernanke, DeLong, et. al., on Hayek’s and Robbin’s roles during the Great Depression.
Hayek, the Business Cycle and the Financial System
In “Monetary Theory and the Trade Cycle” Hayek holds that the business cycle is caused by fractional-reserve banking, which is a natural credit organization formed out of the market. If this is the case, then it follows that economic cycles are an intrinsic part of capitalism.
Into the World of Objectivism
Some new books to tell you all about!
Money and Capital: A Reply
Hayek’s response to Sraffa’s critique of Prices and Production, in 1934, defending his theory of capital and money.
Dr. Hayek on Money and Capital
Piero Sraffa’s critique of Prices and Production, published in 1932. Sraffa’s critique would form the center of the Cambridge critique of the Austrian theory of capital.
Time-Preference and Productivity: A Reconsideration
Hayek revisits the topic of capital theory, focusing on time-preference and correcting prior “mistakes” committed in “The Pure Theory of Capital”.
Liberalized Capital Markets and Poverty
There seems to be a great deal of misconceptions in regards to what market liberalization is, to how Capitalism can foster economic growth in any given country and the case of globalism in the Third World. As a result, many have unconvincingly and incorrectly attributed greater impoverishment to the liberalization of capital markets.
Can We Still Avoid Inflation?
Friedrich Hayek speaking on inflation and the money supply, before the Trustees and guests of the Foundation for Economic Education at Tarrytown, New York on May 18, 1970.
Krugman on Stimulus Size
An argument that theory has always, and will always, be superior to empiricism, as a response to Krugman’s most recent blog post.