All Posts Tagged With: "James Buchanan"
Keynesianism Doesn’t Mean Bigger Government?
The debate over what John Maynard Keynes “really” meant by the theories he put forward in The General Theory of Employment, Interest, and Money has been going on almost since it was published in 1936. The release of the second Hayek-Keynes hip-hop video brought this debate back to a boil. For example, in a May [...]
30Nov2011 | Steven Horwitz | 4 comments | ContinuedThe Complexity of Simple Economics
The most basic insight of economics is fairly simple: the spontaneous order of the market.
16Sep2010 | Steven Horwitz | 8 comments | ContinuedStimulate the Catallaxy?
Last fall and winter’s brouhaha over the so-called economic stimulus package got me thinking about how far off target most people are when they talk about “the economy.” To hear the politicians and commentators tell it, the economy is a big machine located somewhere in Washington, D.C. That machine requires a skilled operator, and elections [...]
1Jul2010 | Sheldon Richman | 1 comment | ContinuedGreece: The Canary in the U.S. Coal Mine?
With everything that was going on in the U.S. economy this past winter, the beginnings of the crisis facing the Greek economy were certainly easy to miss. As that crisis has now come to full flower, American observers overlook it at their peril: Greece’s problems, and those of other European countries, might well represent a [...]
29Jun2010 | Steven Horwitz | 13 comments | ContinuedDemocracy, Deficit, and Debt
Democracy in Deficit is one of those books that can profoundly change the way people think about economics.
8Apr2010 | Steven Horwitz | 8 comments | ContinuedThe Importance of Ostrom
From Real Time Economics (Wall Street Journal): The main lesson is that common property is often managed on the basis of rules and procedures that have evolved over long periods of time. As a result they are more adequate and subtle than outsiders — both politicians and social scientists — have tended to realize. Beyond [...]
13Oct2009 | Sheldon Richman | 2 comments | ContinuedHubris in the First Degree
“I will commit two billion dollars each year on clean-coal research and development. We will build the demonstration plants, refine the techniques and equipment, and make clean coal a reality.” That’s what John McCain, the Republican presidential candidate, said back on June 18 in Springfield, Missouri. My first reaction was this: “That’s mighty generous of [...]
1Oct2008 | Sheldon Richman | 0 comments | ContinuedHayek, Coase, and Buchanan on the Market Process
Donald Boudreaux is chairman of the economics department at George Mason University. Compared to most other economists, my George Mason University colleagues and I put more emphasis on books than articles. Tyler Cowen, one of my most accomplished colleagues, often describes GMU Economics as a “book department.” This affection for books doesn’t mean that we ignore [...]
1Jun2007 | Donald J. Boudreaux | 2 comments | ContinuedLaw and Good Intentions
Americans, not just classical-liberal ones, have an almost instinctual distrust of government. Our nation began in a revolt inspired partly by the “Intolerable Acts” of King George III and taxation without representation. The Declaration of Independence recited a lengthy list of grievances against the British government, summarized as “a history of repeated injuries and usurpations, [...]
1Jun2005 | Andrew P. Morriss | 2 comments | ContinuedPublic Finance and Public Choice: Two Contrasting Visions of the State
So there I was in the late ‘60s, an undergraduate economics major at BYU, a very conservative institution. My introductory textbook was Paul Samuelson’s Economics; my history of economic thought textbook was Robert Heilbroner’s The Worldly Philosophers; and for my public finance course we used The Theory of Public Finance by Richard A. Musgrave. In [...]
1Nov2000 | Mark Skousen | 0 comments | ContinuedBook Review: Government: Servant or Master? Edited by Gerard Radnitzky and Hardy Bouillon
Rodopi • 1993 • 322 pages • $50.00 Dr. Prychitko teaches economics at the State University of New York, Oswego. Years ago James Buchanan wrote The Limits of Liberty: Between Anarchy and Leviathan in which he argued that the constitutional and coercive authority of the state is necessary to maximize our liberty, but the state [...]
1Feb1997 | David L. Prychitko | 0 comments | Continued-
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