David Friedman on Modern Economics, Austrian Economics, and Uncertainty

20 Apr 2022 Leave a comment

by Jim Rose in Alfred Marshall, applied price theory, applied welfare economics, Austrian economics, comparative institutional analysis, David Friedman, economic history, economics of climate change, environmental economics, F.A. Hayek, global warming, Gordon Tullock, history of economic thought, industrial organisation, James Buchanan, law and economics, liberalism, libertarianism, macroeconomics, Milton Friedman, monetary economics, Murray Rothbard, Public Choice, Ronald Coase, Ronald Coase, Ronald Coase

Bruce Smith is making me doubt the quantity theory of money

19 Apr 2022 Leave a comment

Image by Jim Rose

Next Steps for the Fiscal Theory of the Price Level

18 Apr 2022 Leave a comment

by Jim Rose in budget deficits, economic history, fiscal policy, history of economic thought, macroeconomics, Milton Friedman, monetarism, monetary economics

From https://sites.google.com/view/margaretmjacobson/research

The quantity theory of money may not be as persuasive as in the past

18 Apr 2022 Leave a comment

From https://www.jstor.org/stable/135018

Image by Jim Rose

Speaking of supply bottlenecks

18 Apr 2022 Leave a comment

by Jim Rose in history of economic thought, macroeconomics, monetarism, monetary economics

From https://www.richmondfed.org/publications/research/economic_quarterly/1998/summer/humphrey

A New Theory on What Causes Inflation with Economist John Cochrane

16 Apr 2022 Leave a comment

by Jim Rose in budget deficits, business cycles, fiscal policy, history of economic thought, macroeconomics, Milton Friedman, monetarism, monetary economics

Freeman and Champ explain the Lucas revolution

15 Apr 2022 Leave a comment

by Jim Rose in business cycles, economic growth, history of economic thought, labour economics, labour supply, macroeconomics, monetarism, monetary economics, Robert E. Lucas, unemployment

Thomas Sargent pioneered the fiscal theory of the price level by studying both the end of hyper-inflations and moderate inflations

07 Apr 2022 Leave a comment

by Jim Rose in budget deficits, business cycles, economic history, fiscal policy, history of economic thought, macroeconomics, monetarism, monetary economics

From Stopping Moderate Inflations: The Methods of Poincaré and Thatcher (1982) by Thomas Sargent

Tutino and Zarazaga on why the fiscal theory of the price level is so compelling! Quantity theory struggles to explain the sudden end of hyperinflations and the failure of previous stabilisation attempts

05 Apr 2022 Leave a comment

by Jim Rose in economic history, history of economic thought, macroeconomics, monetarism, monetary economics, unemployment

From https://www.dallasfed.org/~/media/documents/research/eclett/2014/el1406.pdf

Can the central bank cause a recession?

04 Mar 2022 Leave a comment

by Jim Rose in business cycles, economic history, Edward Prescott, financial economics, history of economic thought, macroeconomics, monetary economics

From https://www.minneapolisfed.org/article/1996/interview-with-edward-c-prescott

Fiscal theory of the price level = inflation ultimately comes from government debt, as opposed to the central bank printing money

25 Feb 2022 Leave a comment

by Jim Rose in Adam Smith, financial economics, fiscal policy, history of economic thought, macroeconomics, monetarism, monetary economics

From https://www.richmondfed.org/publications/research/econ_focus/2013/q3/full_interview

Introduction to Public Choice, Alex Tabarrok

23 Feb 2022 Leave a comment

by Jim Rose in history of economic thought, Public Choice, public economics

Lucas hooks into Mankiw and Ball

19 Feb 2022 Leave a comment

by Jim Rose in business cycles, history of economic thought, macroeconomics, Robert E. Lucas

from https://www.reddit.com/r/Economics/comments/1w22mc/comments_on_ball_and_mankiw_robert_lucas_1994/

Friedman Fundamentals: Unions And Free Market Labor

16 Feb 2022 Leave a comment

by Jim Rose in applied price theory, history of economic thought, labour economics, labour supply, Milton Friedman, minimum wage, unions

Selgin on central banks

09 Feb 2022 Leave a comment

by Jim Rose in Austrian economics, business cycles, economic history, history of economic thought, law and economics, macroeconomics, monetary economics Tags:

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