Australia rocketed out of the depression after the Premier’s Plan! NZ did too after cutting everything that could be cut by 20% in 1931
31 Mar 2020 1 Comment
in budget deficits, business cycles, economic history, fiscal policy, great depression, macroeconomics
The 1931 massive fiscal contraction should have slowed the NZ recovery if Keynesian macroeconomics is worth more than a grain of salt
31 Mar 2020 7 Comments
in budget deficits, business cycles, economic history, fiscal policy, great depression, labour economics, labour supply, macroeconomics, monetary economics, public economics, unemployment Tags: Keynesian macroeconomics, new classical macroeconomics, New Keynesian macroeconomics, New Zealand
100 years on New Zealand unemployment rates
31 Mar 2020 1 Comment
in business cycles, economic history, great depression, job search and matching, labour economics, labour supply, macroeconomics, unemployment Tags: Keynesian macroeconomics, New Keynesian macroeconomics, New Zealand
Novak and Davidson on interwar unemployment
31 Mar 2020 Leave a comment
in business cycles, economic history, fiscal policy, great depression, labour economics, labour supply, macroeconomics, unemployment Tags: Keynesian macroeconomics, New Keynesian macroeconomics
How the Medieval Church Frightened People Into Obedience
31 Mar 2020 Leave a comment
in economic history, economics of regulation Tags: Freedom of religion
A century of Australian unemployment rates
30 Mar 2020 1 Comment
in business cycles, economic history, great depression, labour economics, labour supply, macroeconomics, unemployment Tags: Australia
From https://www.abs.gov.au/ausstats/abs@.nsf/previousproducts/1301.0feature%20article142001
The unemployment rate then increased rapidly to 19.3% in 1930, before reaching a peak of 29.0% in 1932, in response to the economic conditions of the Great Depression. This unprecedented high rate of unemployment persisted for two years, before the unemployment rate fell rapidly to below 10% by 1937.
NZ government cut everything that could be cut by 20% in 1931
29 Mar 2020 7 Comments
in business cycles, economic history, fiscal policy, great depression, labour economics, labour supply, macroeconomics, unemployment Tags: Keynesian macroeconomics
Lee Ohanian on were Keynes, and Friedman and Schwartz all wrong?
29 Mar 2020 7 Comments
in business cycles, economic history, financial economics, fiscal policy, history of economic thought, macroeconomics, Milton Friedman, monetarism, monetary economics
Coronavirus: Do socialists understand socialism?
29 Mar 2020 Leave a comment
in applied price theory, applied welfare economics, Austrian economics, comparative institutional analysis, constitutional political economy, development economics, economic history, economics of bureaucracy, economics of information, economics of regulation, entrepreneurship, growth disasters, growth miracles, income redistribution, industrial organisation, law and economics, liberalism, libertarianism, Marxist economics, Public Choice, public economics, rentseeking, survivor principle Tags: economics of pandemics
Determining the Value of Money: Next Steps for the Fiscal Theory of the Price Level
29 Mar 2020 Leave a comment
in budget deficits, business cycles, economic history, financial economics, fiscal policy, history of economic thought, macroeconomics, Milton Friedman, monetarism, monetary economics, Robert E. Lucas Tags: monetary policy
Utopia, you are standing in it! 
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