Friedman and Schwartz agreed with Anderson, Tollison and Shughart on the public choice origins of the Great Contraction!
28 Dec 2023 Leave a comment
in applied price theory, business cycles, economic history, economics of bureaucracy, great depression, history of economic thought, macroeconomics, Milton Friedman, monetarism, monetary economics, Public Choice, rentseeking Tags: monetary policy
Hetzel Withholds Credit from Hawtrey for his Monetary Explanation of the Great Depression
14 Dec 2023 Leave a comment
in business cycles, economic growth, economic history, financial economics, great depression, history of economic thought, labour economics, macroeconomics, Milton Friedman, monetarism, monetary economics, unemployment Tags: monetary policy
In my previous post, I explained how the real-bills doctrine originally espoused by Adam Smith was later misunderstood and misapplied as a policy guide for central banking, not, as Smith understood it, as a guide for individual fractional-reserve banks. In his recent book on the history of the Federal Reserve, Robert Hetzel recounts how the […]
Hetzel Withholds Credit from Hawtrey for his Monetary Explanation of the Great Depression
Can Argentina Be Rescued, Part III
12 Dec 2023 Leave a comment
in applied price theory, budget deficits, comparative institutional analysis, development economics, economic growth, economic history, economics of regulation, fiscal policy, growth disasters, income redistribution, international economics, labour economics, liberalism, libertarianism, macroeconomics, Marxist economics, Milton Friedman, monetary economics, Murray Rothbard, Public Choice Tags: Argentina
My trip to Argentina last year motivated me to write Part I of this series, which focused on whether things might get better in that tragic country for the simple reason that they couldn’t possibly get any worse. In Part II of this series, I analyzed whether a libertarian candidate’s surprisingly strong performance in Argentina’s […]
Can Argentina Be Rescued, Part III
Ayn Rand, Milton Friedman, and the Ethics of Capitalism – Jennifer Burns
05 Dec 2023 Leave a comment
in history of economic thought, liberalism, libertarianism, Milton Friedman Tags: Ayn Rand
Review of “Milton Friedman: The Last Conservative” by Jennifer Burns
29 Nov 2023 Leave a comment
in budget deficits, business cycles, economic growth, fiscal policy, global financial crisis (GFC), great depression, great recession, history of economic thought, macroeconomics, Milton Friedman, monetarism, monetary economics
Milton Friedman: The Last Conservative by Jennifer Burns 592 pages Farrar, Straus and Giroux Published: Nov 2023 Released two weeks ago, Jennifer Burns’s “Milton Friedman: The Last Conservative” is the most significant biography of Friedman ever published. Burns is an associate professor of history at Stanford and a research fellow at the Hoover Institution. She […]
Review of “Milton Friedman: The Last Conservative” by Jennifer Burns
My Conversation with the excellent Jennifer Burns
17 Nov 2023 Leave a comment
in Austrian economics, business cycles, economics of education, Euro crisis, F.A. Hayek, global financial crisis (GFC), great depression, great recession, history of economic thought, macroeconomics, Milton Friedman, monetarism, monetary economics
Here is the audio, video, and transcript. Here is the episode description: Jennifer Burns is a professor history at Stanford who works at the intersection of intellectual, political, and cultural history. She’s written two biographies Tyler highly recommends: her 2009 book, Goddess of the Market: Ayn Rand and the American Right and her latest, Milton Friedman: The […]
My Conversation with the excellent Jennifer Burns
Milton Friedman: The Last Conservative | Hoover Institution
15 Nov 2023 Leave a comment
in applied price theory, budget deficits, business cycles, economic growth, economic history, fiscal policy, global financial crisis (GFC), great depression, great recession, history of economic thought, inflation targeting, labour economics, macroeconomics, Milton Friedman, monetarism, monetary economics, unemployment Tags: monetary policy
Jennifer Burns on Milton Friedman 11/13/23
14 Nov 2023 Leave a comment
in applied price theory, Austrian economics, business cycles, comparative institutional analysis, econometerics, economic history, economics of education, economics of regulation, fiscal policy, great depression, history of economic thought, labour economics, liberalism, libertarianism, macroeconomics, Milton Friedman, monetarism, monetary economics Tags: monetary policy
Book Presentation with John Cochrane: “The Fiscal Theory of the Price Le…
09 Nov 2023 Leave a comment
in budget deficits, business cycles, econometerics, economic growth, economic history, Euro crisis, fiscal policy, global financial crisis (GFC), great depression, great recession, history of economic thought, inflation targeting, macroeconomics, Milton Friedman, monetarism, monetary economics, public economics Tags: monetary policy
Bob Lucas on Growth, Poverty and Business Cycles 2/5/2007
19 May 2023 Leave a comment
in business cycles, comparative institutional analysis, development economics, economic history, economics of education, growth disasters, growth miracles, history of economic thought, human capital, labour economics, law and economics, macroeconomics, Milton Friedman, monetarism, monetary economics, Robert E. Lucas, unemployment Tags: monetary policy
Dropping Money from Helicopters: John Cochrane on Inflation
01 Mar 2023 Leave a comment
in budget deficits, business cycles, comparative institutional analysis, development economics, economic growth, economic history, economics of regulation, entrepreneurship, environmental economics, financial economics, global financial crisis (GFC), great recession, growth miracles, history of economic thought, inflation targeting, macroeconomics, Milton Friedman, monetarism, monetary economics, public economics
Milton Friedman: worldwide inflation
04 Jan 2023 Leave a comment
in economic history, history of economic thought, macroeconomics, Milton Friedman, monetarism, monetary economics Tags: monetary policy
Milton Friedman on Donahue #2
03 Jan 2023 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, economic history, economics of bureaucracy, economics of regulation, entrepreneurship, environmental economics, history of economic thought, income redistribution, labour economics, law and economics, liberalism, libertarianism, Marxist economics, Milton Friedman, Public Choice, public economics, rentseeking Tags: capitalism and freedom, The Great Enrichment
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