The day Minsky macroeconomics died! Instability can’t be fixed so easily?

23 Nov 2019 Leave a comment

by Jim Rose in budget deficits, business cycles, economic history, Euro crisis, financial economics, global financial crisis (GFC), great depression, great recession, macroeconomics, monetarism, monetary economics, Public Choice Tags: , , , , , , ,

David Levine on the lack of Keynesian depressions

20 Nov 2019 Leave a comment

by Jim Rose in business cycles, great depression, macroeconomics, monetary economics Tags:

Only rational expectations macroeconomics can explain self-fulfilling crises

01 Nov 2019 Leave a comment

by Jim Rose in applied price theory, budget deficits, business cycles, currency unions, economic growth, economic history, economics of bureaucracy, economics of information, Euro crisis, fiscal policy, global financial crisis (GFC), great depression, great recession, macroeconomics, monetary economics, Public Choice Tags: , ,

V.V. Chari testifies on the evolution of modern macroeconomics

17 Oct 2019 Leave a comment

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35 years later: Diamond-Dybvig model of bank runs

16 Oct 2019 Leave a comment

by Jim Rose in applied price theory, applied welfare economics, business cycles, comparative institutional analysis, economic growth, economic history, global financial crisis (GFC), great depression, great recession, income redistribution, industrial organisation, law and economics, macroeconomics, monetary economics, property rights, Public Choice, rentseeking, survivor principle Tags: , ,

Keynes and classical macroeconomics

14 Oct 2019 Leave a comment

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Patrick Newman on Rothbard and his Critics

13 Oct 2019 Leave a comment

by Jim Rose in applied price theory, Austrian economics, business cycles, constitutional political economy, defence economics, economic history, economics of crime, economics of information, entrepreneurship, F.A. Hayek, Gordon Tullock, great depression, history of economic thought, industrial organisation, Israel Kirzner, law and economics, macroeconomics, Milton Friedman, monetary economics, Murray Rothbard, Public Choice, Rawls and Nozick Tags:

Knight on what did Keynes say

11 Oct 2019 Leave a comment

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Hayek on the pre-Keynesian explanation for mass unemployment

10 Oct 2019 Leave a comment

by Jim Rose in Austrian economics, business cycles, economic history, F.A. Hayek, great depression, history of economic thought, labour economics, labour supply, macroeconomics, monetary economics, unemployment Tags:

A 1962 review summarises pre-Keynesian macroeconomics of mass unemployment

09 Oct 2019 Leave a comment

by Jim Rose in business cycles, economic growth, great depression, great recession, history of economic thought, labour economics, labour supply, macroeconomics, monetary economics

V.V. Chari testifies on modern macroeconomics and information prerequisites to predicting the GFC

09 Oct 2019 Leave a comment

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What DSGE models have become

08 Oct 2019 Leave a comment

Image by Jim Rose

Edward Prescott on the Great Depression and the Great Recession

22 Sep 2019 Leave a comment

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Edward Prescott on was there a GFC?

18 Sep 2019 1 Comment

Image by Jim Rose

Freeman and Champ on bank risk

17 Sep 2019 Leave a comment

Image by Jim Rose

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