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  • Battling economists, five movements in economics and economic policy
    Battling economists, five movements in economics and economic policy
    The invisible handIn 1776, Adam Smith of Scotland published his masterpiece, The Wealth of nations. It revolutionized economic thinking. In it was the idea that individuals acting in their own self interest, not only promoted their own well being,...
  • Battling economists Hayek vs. Keynes, and a short reading list
    Battling economists Hayek vs. Keynes, and a short reading list
    One of the most enduring battles among economists in the minds of antagonists on the right and left of the political spectrum is the battle between F.A. Hayek and John Maynard Keynes. Many on the right believe that Hayek's 1944 book, "The...
  • Great Depression
    Causes of the Great Depression
    John Maynard Keyes andLudwig Von Misesare two economists who, in the 1930s, wrote about opposite causes of the Great Depression. Their arguments are still used today.Keynes in The General Theory Of Employment, Interest, And Money (1936) argued...
  • Economist Paul Krugman
    Paul Krugman’s ‘End this Depression Now’ a review
    Don’t get me wrong. I’m a big fan of Paul Krugman who won the Nobel Prize in economics in 2008. But on reading his latest book, “End this Depression Now,” [W.W. Norton & Company 2012], I can’t help coming away...
  • A girl in London with a free lunch
    Why Keynes gives some economists a stomach ache
    A short description of the subject of economics may be that it is the study of scarcity and the ways humans behave to expand options by trade and by organizing the production of goods and services. By scarcity we mean that, as a people, we can...
  • John Papola
    John Papola scheduled to be on the Angel Clark Show 11/14/11
    We all watched the Fight of the Century raps! If you didn’t watch them, now is your chance! One of the videos is linked right to this story! All who study Austrian economics should watch these videos! The Hayek vs. Keynes battle has driven...