If John Maynard Keynes and F.A. Hayek got into a fight, who’d win? . . .
As part of his continuing series Making Sense of financial news, Paul Solman has a unique look at the legacy of economist John Maynard Keynes, who first introduced the concept of government intervention in the economy, and his countertenor Friedrich Hayek. . . .
Hoover fellow Russell Roberts is using rap music to make the dismal science far less dismal. By Charles Lindsey.
Why Hanoi was not a failure; and whether the focus of the US-China trade deal should be on the theft of American inventions instead of tariffs and trade deficits.
First things first, I might as well just point you over to Cafe Hayek...
Menzie Chinn invokes the CBO “estimates” to argue against those who say the stimulus didn’t work. . . .
Brad DeLong mocks Steve Horwitz here for suggesting that the stimulus didn’t create jobs. . . .
David Leonhardt writes in the New York Times: Just look at the outside evaluations of the stimulus. . . .
There’s a debate going on in the punditsphere about whether America is ungovernable. . . .
So when someone says the TARP was central to preventing disaster, don’t disagree. . . .
I’ll be testifying before the Joint Economic Committee tomorrow (Thursday) at 10 am eastern time. . . .
Brad DeLong has an interesting post at TPM Cafe (HT: Arnold Kling at EconLog)...
It Is Time to Refocus on Education, R&D and Innovation If We Are to "Think Different" and Remain Competitive
I have often wondered what it takes for a dominant economy to fail as Spain did in the late 17th Century, France did in the late 18th Century, or the Ottoman Empire did in the mid-19th Century. . . .
Barney Frank doesn’t know what to do: “I’ve said we should abolish Fannie Mae and Freddie Mac in their current form and come up with a whole new system of housing finance,” said Representative Barney Frank, a Massachusetts Democrat and the chairman of the House Financial Services Committee. . . .
These are exciting though scary revolutionary times, akin to the constant acrimony in the fourth-century BC polis, mid-nineteenth century revolutionary Europe, or — perhaps in a geriatric replay — the 1960s. . . .
The roots of conservatism go back to philosophers of the 17 and 18th centuries, such as John Locke, David Hume, and Adam Smith...
Douglas Irwin, professor of economics at Dartmouth College, explains and defends free trade.
Drought may not be destiny, but a critical ingredient for democratic societies does seem literally to fall from the skies. By Stephen H. Haber and Victor Menaldo.
For an economist, these are the best of times and the worst of times. . . .
In Washington, many are struggling to control spending and cut taxes. History is on their side. By Michael J. Boskin.