Is Market Failure an argument against government? – David Friedman
28 Jan 2022 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, David Friedman, economic history, economics of crime, economics of information, economics of regulation, energy economics, environmental economics, history of economic thought, industrial organisation, labour economics, labour supply, law and economics, liberalism, libertarianism, property rights Tags: market failure
Prescott shows a lot of contracting since the end of the tech bubble
27 Jan 2022 Leave a comment
in business cycles, economic growth, economic history, Edward Prescott, great recession, history of economic thought, macroeconomics, monetarism, monetary economics Tags: real business cycles
Prescott on monetary booms
27 Jan 2022 Leave a comment
in business cycles, economic growth, economic history, Edward Prescott, history of economic thought, macroeconomics, monetary economics
Were you surprised that you were able to construct a model economy which generated fluctuations which closely resembled actual experience in the US?
19 Jan 2022 Leave a comment
Bryan Caplan – Poverty: Who Is To Blame
18 Jan 2022 Leave a comment
in applied price theory, applied welfare economics, development economics, economic history, economics of education, growth disasters, growth miracles, history of economic thought, human capital, income redistribution, labour economics, labour supply, poverty and inequality, Public Choice Tags: child poverty, family poverty, The Great Enrichment
The new classical monetary-surprise style of models developed in the 1970sby Lucas, Sargent, Wallace and others were very influential. When did Prescott first begin to lose faith in that particular approach?
18 Jan 2022 Leave a comment
Lucas: New Keynesian economics doesn’t seem to make contact with the questions that got us interested in macroeconomics in the first place.
17 Jan 2022 Leave a comment
Money Under Laissez-Faire George Selgin
15 Jan 2022 Leave a comment
in applied price theory, applied welfare economics, Austrian economics, business cycles, economic growth, economic history, financial economics, global financial crisis (GFC), great depression, great recession, history of economic thought, macroeconomics, monetarism, monetary economics Tags: monetary policy
A Conversation with Armen A. Alchian 2001
13 Jan 2022 Leave a comment
in applied price theory, Armen Alchian, comparative institutional analysis, economics of information, history of economic thought, theory of the firm
The Fed’s Dismal Record | George A. Selgin
10 Jan 2022 Leave a comment
in applied price theory, applied welfare economics, Austrian economics, business cycles, comparative institutional analysis, economic history, financial economics, global financial crisis (GFC), great depression, great recession, history of economic thought, macroeconomics, monetarism, monetary economics Tags: monetary policy
Prescott on booms and busts
03 Jan 2022 Leave a comment
Why economists are unpopular
01 Jan 2022 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, economics of bureaucracy, economics of crime, entrepreneurship, environmental economics, history of economic thought, income redistribution, industrial organisation, international economics, labour economics, labour supply, law and economics, liberalism, macroeconomics, managerial economics, minimum wage, organisational economics, personnel economics, poverty and inequality, property rights, Public Choice, public economics, rentseeking, survivor principle, theory of the firm, unemployment, unions, welfare reform Tags: offsetting behaviour, The fatal conceit, unintended consequences
George Selgin / Central Banking and Financial Crises
15 Dec 2021 Leave a comment
in applied price theory, applied welfare economics, Austrian economics, business cycles, comparative institutional analysis, economic history, financial economics, global financial crisis (GFC), great depression, great recession, history of economic thought, macroeconomics, monetarism, monetary economics Tags: monetary policy
Utopia, you are standing in it! 
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