One of the country’s leading economists, Hoover Institution senior fellow John B. Taylor, has been named this year’s recipient of the prestigious Hayek Prize for his book First Principles: Five Keys to Restoring America’s Prosperity (W.W. Norton 2012). The $50,000 Hayek Prize—one of the major book prizes in the country—is awarded by the Manhattan Institute in New York to honor the book that best reflects economist and Nobel laureate Friedrich Hayek’s vision of economic and individual liberty. Taylor will accept the prize and deliver the Hayek Lecture on May 31 in New York City.
Hoover fellow Russell Roberts is using rap music to make the dismal science far less dismal. By Charles Lindsey.
Let me stick my neck out...
I am scheduled to interview Riccardo Rebonato tomorrow for EconTalk...
In this post, I speculated that many (most) Americans were skeptical of the stimulus package...
If the government cuts rates or just gives rebates but at the same time increases the size of government, taxes are not lower...
This week's EconTalk is with my Nobel-prize winning colleague, Vernon Smith...
More than fifty audiotapes in the records of the Mont Pèlerin Society, an international organization of laissez-faire economists, have been digitized for preservation and access by Hoover's audio lab. Many of the tapes contain proceedings of four of the society's meetings, held from 1956 to 1960. The 1958 meeting, in Princeton, New Jersey, featured Friedrich A. von Hayek, Milton Friedman, Ludwig von Mises, William H. Hutt, and other economists discussing the welfare state, agricultural economics, inflation, and monetary policy.
[Subscription Required] Hayek and Friedman were deeply skeptical of laissez-faire at first. Jacob Viner thought the welfare state was worth fighting and dying for.
In a comment to this earlier post, Charlie writes: For all of Russ's doom and gloom, I would love to see some actual predictions, something specific and on record...
From the AP: It will take years before an infrastructure spending program proposed by President-elect Barack Obama will boost the economy, according to congressional economists...
Will Davies of Goldsmith's, University of London and author of The Limits of Neoliberalism talks with EconTalk host Russ Roberts about the ideas in his book. Davies argues that the free-market vision of economists like Milton Friedman and Friedrich Hayek has de-romanticized politics and ensconced competition at the heart of our economy and culture.
Mel Watt, Director of the Federal Housing Finance Agency, recently announced that he will reduce the minimum mortgage down payment requirement for Fannie Mae and Freddie Mac – the housing financing behemoths that he controls as their conservator since the financial crisis – to three percent.
John Cochrane explains how America should focus on growth, not economic redistribution.
For an economist, these are the best of times and the worst of times. . . .
On the occasion of what would have been Milton Friedman’s one hundredth birthday (July 31, 2012), the Hoover Institution launched a website dedicated to the lifework of the Nobel laureate and Hoover fellow and his partner in life and in public policy research, Rose Friedman.
Stability and the foundations for long-term growth, not politics, need to come first. By Gary S. Becker, Steven J. Davis, and Kevin M. Murphy.
What happens in the coming year will shape how the world regards competitiveness, privatization, and international free trade and markets. By Gary S. Becker.
A recession is a terrible time to make major changes in the economic rules of the game. . . .
Debt-to-GDP ratios over 90% have significant impact on the pace of economic growth. . . .