Economist Robert Murphy on the Great Depression, and his new book.
Posts Tagged ‘new’
Economics
What is economics? Economics is the study of human action and human rationality. It is for this reason that the study of economics is one of the core sciences which are of utmost importance when deciding the future of human society.
Civility and Samuelson
Comment on Paul Krugman’s blog on Paul Samuelson, Eichmann and civility.
Hoover’s response to the October 1929 crash
After one has an understanding of the true scale of Hoover’s fiscal spending figures one can deduct that if government spending did not work during the first three years of the 1930s, there is no reason that it should have worked during the next four, either.
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.
Out of Work: Unemployment and Government in Twentieth-Century America
Much of the world finds itself facing spiraling unemployment. Economists Richard Vedder and Lowell Gallaway disprove Keynesian theories on employment in a brilliant book first published in 1993, by the Independent Institute. Vedder and Gallaway focus their intentions on the true cause of unemployment—wage rigidity as a result of government intervention in the free market.
There is no hope…
Paul Krugman shows his colors, and many of his readers don’t have any clue on economic theory or logic.