Recently purchased three books dealing with the economics of the Spanish Empire, in preparation for an article.
Posts Tagged ‘School’
The Adam Smith Myth
Murray N. Rothbard shatters the myth that Adam Smith was the founder of the modern science of economic thought. Instead, he shows how Smith heavily borrowed from past economists without citing them or giving them credit.
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.
