All Posts Tagged With: "Keynes"

The Keynesian Cure for Hunger: Eat More

For millennia people were starving to death and the solution was right there in front of them.

16Jan2012 | Richard W. Fulmer | 12 comments | Continued

The Expanding Sphere of Opportunities

Human ingenuity will continue to come up with new products, and that same ingenuity will capitalize on the complementary investment opportunities those products create.

6Oct2011 | Steven Horwitz | 4 comments | Continued

Hayek versus Keynes

George Selgin, professor of economics at the University of Georgia’s Terry College of Business and a Freeman contributor, debated Robert Skidelsky of the University of Warwick on the merits of F. A. Hayek’s and John Maynard Keynes’s views on booms and busts. The debate was held at the London School of Economics, where Hayek taught [...]

9Aug2011 | Sheldon Richman | 1 comment | Continued

Consumption, Innovation, and the Source of Wealth

Innovation by producers, not consumption, is what creates wealth in a market economy. Sometimes the simplest truths are the hardest for the self-proclaimed elite to understand.

6Jan2011 | Steven Horwitz | 8 comments | Continued

A Nation of Consumers?

A fundamental tenet of economics is that the end of production is consumption. Unfortunately, Keynesian economists seizing the public microphone claim the purpose of consumption is to clear the shelves so producers will have something to do in the future.

17Nov2010 | William L. Anderson | 9 comments | Continued

Inflating Our Way to Prosperity?

As more and more money is pumped into the economy, not only do prices go up, but so do inflationary expectations.

10Nov2010 | William L. Anderson | 9 comments | Continued

The Newspeak of Paul Krugman

No critic of free-market economics can ever again accuse us of being irrational and immoral when it is Paul Krugman who says destruction creates wealth, and war is an acceptable second-best path to economic growth.

30Sep2010 | Steven Horwitz | 39 comments | Continued

Mr. Keynes’s Aggregates

Stimulus spending, bailouts, and extension of unemployment benefits only prevent the fundamental mechanisms of change from doing their work.

9Sep2010 | Steven Horwitz | 35 comments | Continued

Cause, Effect, and the Current Depression

All too often people confuse cause and effect.

11Aug2010 | William L. Anderson | 10 comments | Continued

Government as Consumer

Destutt de Tracy, like other liberal, free-market economists of early nineteenth-century France, saw the State essentially as a predator, a destroyer of value, and the source of class conflict.

12Mar2010 | Sheldon Richman | 13 comments | Continued

Why Did the “Stimulus” Fail to Help the Economy?

Attempts to “stimulate” the economy through massive government spending may put money into the pockets of politically connected people, but it does nothing to restore the economic factors to their proper balances.

20Jan2010 | William L. Anderson | 28 comments | Continued

Congress Passes $1 Trillion Stimulus Spending Bill

“The Senate on Sunday sent President Obama another hot potato, passing a $1.1 trillion catchall spending bill that includes money needed to run dozens of government agencies but also is loaded with pork-barrel spending. “The bill, which funds most domestic federal agencies for the rest of this fiscal year, marks a 12 percent spending increase. [...]

14Dec2009 | Mike Van Winkle | 0 comments | Continued

The Return of Depression Economics and the Crisis of 2008

Reading The Return of Depression Economics, I have to admit I was surprised. Paul Krugman, 2008 Nobel Prize winner in economics and New York Times columnist, isn’t as feisty and partisan in the book as he is in his column. Moreover, he presents some useful information about the many economic collapses that have occurred in [...]

18Nov2009 | William L. Anderson | 14 comments | Continued

The Depression You’ve Never Heard Of: 1920-1921

When it comes to diagnosing the causes of the Great Depression and prescribing cures for our present recession, the pundits and economists from the biggest schools typically argue about two different types of intervention. Big-government Keynesians, such as Paul Krugman, argue for massive fiscal stimulus—that is, huge budget deficits—to fill the gap in aggregate demand. [...]

18Nov2009 | Robert P. Murphy | 73 comments | Continued

World War II Ended the Great Depression?

In his 2008 book, The Return of Depression Economics and the Crisis of 2008, Paul Krugman writes: “The Great Depression in the United States was brought to an end by a massive deficit-financed public works program, known as World War II.” He has since repeated this bon mot in a number of columns and television [...]

23Oct2009 | Richard W. Fulmer | 29 comments | Continued

Human Action, 1949: A Dramatic Episode in Intellectual History

A great book, it has been remarked, is like a great castle. It can be viewed from many different angles, each offering a unique perspective. Viewing Ludwig von Mises’s monumental work from the vantage of 2009 permits one to see with great clarity one fascinating aspect of the book–the sheer drama of its emergence at [...]

19Aug2009 | Israel M. Kirzner | 5 comments | Continued

The Case for Capitalism

This article is from Henry Hazlitt’s September 19, 1949 Newsweek column. There has just been published by the Yale University Press a book that is destined to become a landmark in the progress of economies. Its title is Human Action, and its author is Ludwig von Mises. It is the consummation of half a century [...]

19Aug2009 | Henry Hazlitt | 1 comment | Continued
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