Economist Robert Murphy on the Great Depression, and his new book.
Posts Tagged ‘Keynes’
Further Considerations on the Liquidity Trap
Further considerations on the liquidity trap; a rebuttal to Daniel Kuehn.
Lord Keynes and Say’s Law
Ludwig von Mises corrects the Keynesian misconceptions of Say’s Law, and establishes the importance of Say’s Law within Austrian economic theory. This article was originally published in The Freeman (30 October 2005).
The Objective of International Price Stability
John Maynard Keynes defends his proposal for a world currency and international clearing house. These proposals came during the Bretton Woods agreement, which would eventually establish the International Monetary Fund. Today, talks ensue on creating a global and international reserve currency.
Neither Keynes nor Friedman
The Federal Reserve did try to bailout banks during the Great Depression, Hoover did outspend every prior president in an attempt to stimulate the economy and no recession is caused by a drop in aggregate demand. These are Keynesian myths.
Krugman on Keynes, Government and Demand
Krugman continues to show his ignorance on capital-based macroeconomics by erecting a straw man and therefore attempting to disqualify Say’s Law and the “Treasury View”. The only thing he is doing is make his own position more untenable.
A New Perspective on Roosevelt’s Recession of 1937
From the essay “The Dangerous “Lessons” of 1937. Roosevelt’s Recession of 1937 may be more relevant to the current financial situation in the United States than the Crash of 1929. This is because we may be headed in the same direction.
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.
Shift to Keynesian Economics
My comment on Paul Krugman’s latest blog post (Why Economics Is the Way it Is):
Dear Dr. Paul Krugman,
You are only partially correct. The shift in mentality (for the United States), I believe, came during the First World War. This war, save the American Civil War, was the first war in which the economy was first [...]