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Tag Archives: Keynesian
Brief Overview of the Keynesian Liquidity Trap
A brief overview of the Keynesian liquidity trap theory, from John Maynard Keynes, through John Hicks, to Paul Krugman. Continue reading
Favorite Non-Austrian Blogs
A short list of my favorite non-Austrian economics blogs. Continue reading
Keynesian Top Five
What five books would a Keynesian suggest to an Austrian? Continue reading
Krugman on Hayek
Krugman believes high interest rates will lead to persistently high unemployment. The Austrians respond. But, ultimately, nobody wins. Continue reading
Posted in Miscellaneous
Tagged Anderson, Austrian, Depression, Economics, Great, Hayek, Keynesian, Krugman, liquidation
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On Samuelson
Another professor on Paul Samuelson. Continue reading
Posted in Miscellaneous
Tagged academic, Economics, Keynesian, profession, Samuelson
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Stiglitz on the Costs of War
Stiglitz studies the true costs of war and attacks deficit spending, without realizing his own hypocrisy. Continue reading
Bradford DeLong on Austrian Economics
Bradford DeLong criticizes the Austrians, but gets it wrong – nothing to be surprised about. Continue reading
A Closer Look at China’s Currency Manipulation
Through currency manipulation China has actually been benefiting the average American consumer and producer. The People’s Bank of China has been actively subsidizing the purchases of Chinese goods through inflation, at the expense of the Chinese seller and the Chinese people in general. Continue reading
Posted in Current Events, Theory
Tagged China, currency, deficits, Economics, inflation, Keynesian, manipulation, mercantilism, trade, wars
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Common Sense Economics
L. Albert Hahn’s “Common Sense Economics” is the climax of an intellectual journey. Hahn’s, previously a proto-Keynesian, recanted his prior beliefs and accepted Austrian theory. “Common Sense Economics” represents this ideological reversal. As such, it is the perfect introductory book to Austrian theory. Continue reading
Comment on Austrian Historicism
Two things Austrians must remember concerning the Great Depression and the Depression of 1920 are that monetary policy today is much different and there was no liquidity trap in 1920. Continue reading →