Russell Roberts, a research fellow at the Hoover Institution and EconTalk host, presents the impact of government spending (Keysenian theory) versus a free market solution (Hayek theory) on the economy using a rap video.
Economist and Hoover honorary fellow Friedrich Hayek spent seven decades extolling the supremacy of capitalism over socialism. For most of those decades, Hayek was a voice in the wilderness. Yet as John Cassidy argues, by the end of his life Hayek was vindicated to such an extent that "it is hardly an exaggeration to refer to the twentieth century as the Hayek century."
Bruce Caldwell Delivers Keynote Address On Hayek For Library & Archives Workshop On Political Economy
On Friday, June 24, the second annual Hoover Institution Library & Archives Workshop on Political Economy hosted a public lecture by renowned scholarBruce Caldwell, professor of economics at Duke University and director of Duke's Center for the History of Political Economy.
William F. Buckley Jr. reflects on Friedrich Hayek’s invaluable contributions to the fight against socialism—a fight that was still very much under way when Buckley delivered these remarks a quarter of a century ago.
The stimulus package was passed with much talk of Keynesian multipliers and boosting aggregate demand. But now that the stimulus has barely dented the unemployment rate, and with government spending and deficits soaring, it's natural to turn to Hayek.
The personal papers of George Koether, now available for research, offer insights to the economic and political thought in the United States during the mid-twentieth century, as well reflecting Koether’s relationships with fellow economists such as Henry Hazlitt, Murray Rothbard, and Friedrich Hayek.
David R. Henderson on Keynes Hayek: The Clash that Defined Modern Economics by Nicholas Wapshott
Now in its fourth year, the Hoover Institution Library & Archives’ Workshop on Political Economy brings together scholars from across the globe to study the history of economic thought using the archives of such notable thinkers as Karl Popper, Milton Friedman, and F.A. Hayek. This year the workshop welcomed Leah Wright Rigueur, Assistant Professor of Public Policy at Harvard University and author of The Loneliness of the Black Republican: Pragmatic Politics and the Pursuit of Power (2015), who presented a keynote address on June 28th.
As part of the inaugural Hoover Institution Library and Archives’ Workshop on Political Economy, Professor Angus Burgin of Johns Hopkins University gave the keynote lecture titled "Hayek, Friedman, and the Return of Laissez-Faire."
The Hoover Institution hosted its Board of Overseer’s winter meeting in Washington, DC, from February 26, 2012, to February 28, 2012. The event began on Sunday evening with six presenters. Fouad Ajami, senior fellow at the Hoover Institution and the cochair of the Herbert and Jane Dwight Working Group on Islamism and the International Order, and Charles Hill, research fellow at the Hoover Institution, gave a talk titled “A Year of Living Dangerously: The Arab Awakening, the American Retreat, and the Dangers for World Order Beyond.”
On October 15, the second episode of Hoover’s chartcast series The Numbers Game was released. Hoover fellows John Taylor and Russell Roberts discuss possible explanations for the sluggish recovery from the current recession, which began in 2007. By historical standards, the current recovery has been disappointing. Is it the ongoing slump in construction employment, the effect of housing prices on saving and spending decisions by households, or the aftereffects of the financial crisis? Taylor rejects this reasoning and argues instead that the sluggish recovery can be explained by poor economic policy decisions made by the Bush and the Obama administrations.
The current release builds on the first episode, which also addresses the recalcitrant economic recovery. Taylor explains that GDP has not returned to trend, that the percent of the population that is working is flat rather than rising, and that growth rates are below their usual levels after such a deep slump.
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Hoover fellow Russell Roberts is using rap music to make the dismal science far less dismal. By Charles Lindsey.
The Hoover Institution hosted the Board of Overseers’ Summer Meeting on July 12–14, 2011.
On Tuesday evening, Hoover fellows discussed topics relating to defense, global issues, entitlements, and the state of the economy. Victor Davis Hanson and Bruce Thornton’s speech was titled “America Abroad: Appeasement or Deterrence?” David Brady and John Cogan’s presentation was titled “Entitlements, Debt and Electoral Politics: How Did We Get Where We Are–and Where Do We Go from Here?” In their speech titled “The Road Ahead for the Fed: Two Years Later,” John Taylor and Kevin Warsh discussed the state of the economy today.
A reflection on the life of former Hoover fellow Karl Popper, one of the past century’s greatest thinkers. By Piers Norris Turner.
The root of most arguments against the market is a lack of belief in freedom—at least for other people—as a worthy end.