Understand the Different Types of Inflation.

And I certainly admit I that I prefer Hortwizian economics to Misesian-Rothbardian economics and Steve certainly knows (much!) better than me what “Austrian economics” really is. However, his essay did not convince me that Austrians are as methodologically open-minded as he claims. Neither has he convinced Bryan Caplan and George Selgin.

Government leaders of more than 15 countries have called upon Arnold Harberger's expertise. With a reputation as a hands-on practitioner of economics, Harberger has also held consulting positions with global organizations, including the International Monetary Fund, the Asian Development Bank and the Organization of American States.

Steve Hanke of Johns Hopkins and the Cato Institute talks with EconTalk host Russ Roberts about hyperinflation and the U.S. fiscal situation. Hanke argues that despite the seemingly aggressive policies of the Federal Reserve over the last four years, there is currently little or no risk of serious inflation in the United States. His argument is.

Krugman essay How Economics Survived the Economic Crisis Unlike the Great Depression of the 1930s, which produced Keynesian economics, and the stagflation of the 1970s, which gave rise to Milton Friedman's monetarism, the Great Recession has elicited no such response from the economics profession. Why?

He built on and greatly refined earlier work on the causes of business cycle, and was one of the most influential economists of the 20th century and the founder of modern macroeconomic theory. His ideas are the basis for the school of thought known as Keynesian economics, and its various offshoots.

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See Steve Hanke, “Bernanke’s Monetary Mess,” Globe Asia, February 2014. In October 2008, Mervyn King was one of the most active central bankers pushing for the enactment of enhanced prudential rules. According to Steve Hanke, the introduction of new capital ratios during the recession was a major blunder that explains the tepid recovery.

By: Steve H. Hanke Last week, the Business Roundtable launched a major attack on property rights, t.

He is author and editor of 25 books including seven volumes of selected essays and 230 papers in learned journals and edited volumes. his books include Some Cambridge Controversies in the Theory of Capital, Post-Keynesian Essays in Biography, 50 Years a Keynesian and other Essays, Selected Essays on Economic Policy and The Structure of Post-Keynesian Economics. PRUE KERR was a friend and.

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Joseph Halevi of INET has written three interesting papers on Europe. He explains these papers in this post:. hese three INET Working Papers analyze the gradual emergence of the European Union and its monetary systems through early years of the introduction of the Euro. Their point of departure is the crucial role oligopoly plays in the evolution of modern capitalist economies and the.

Steve H. Hanke, Forbes Magazine, 11.26.01, 12:00 AM ET. The chattering classes that oppose currency boards want us to think they harm economies in places like Argentina and Hong Kong. Not so. Argentina is struggling to keep its economy afloat. A gaggle of savants would have us believe that the source of that nation's woes is its.