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Dueling Economists
Weekly Standard, by Charlotte Allen

Original Article

Posted By:tisHimself, 7/3/2013 12:30:23 PM

John Maynard Keynes (1883-1946), godfather of the “stimulus” and the “multiplier,” and Friedrich Hayek (1899-1992), who argued that government intervention in the economy breeds prosperity-killing economic distortions, weren’t just polar opposites in economic theory. They were real-life sparring partners. And as Nicholas Wapshott points out in his double biography, their ideas played themselves out in Great Britain, where both Keynes and Hayek lived and taught, and in the United States, where the economic philosophies of both informed the highest levels of policy-making—at different times, of course.

Comments:
Intro corrected by staff

      


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Reply 1 - Posted by: Immanuel Goldstein, 7/3/2013 2:31:13 PM     (No. 9407366)

Fascinating and important article. Economics is called "The dismal science" for a reason, but it is crucial to have some understanding of it. A good introduction to the topic is a series of Youtube videos called Econstories, in which Keynes and Hayek become dueling rappers, rapping over highly technical subjects. The videos are both entertaining, and educational.

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Posted By: tisHimself- 2/13/2014 11:31:24 PM     Post Reply
n a Thursday night speech at Ronald Reagan’s presidential library, Louisiana Gov. Bobby Jindal will warn of a “silent war” on religious liberty in America and urge states to pass laws designed to block overreach by the Obama administration. The 4,500-word address, shared first with POLITICO, touches on several hot-button issues, including same-sex marriage and contraception. Jindal, a potential 2016 GOP presidential candidate trying to woo social conservatives, argues that liberals will use the mantra of anti-discrimination to force people to violate their religious beliefs.

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Posted By: tisHimself- 2/12/2014 5:19:12 AM     Post Reply
Another conservative organization has endorsed congressman Paul Broun in the Republican primary for U.S. Senate in Georgia. The Madison Project, headed up by former Kansas congressman Jim Ryun, endorsed Broun over four other major GOP candidates. "It is not an exaggeration to say that Congressman Paul Broun (R-GA) has sustained the most conservative voting record over the longest period of time of any sitting Republican in Congress," reads a Madison Project press release announcing the endorsement.

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Posted By: tisHimself- 2/12/2014 5:09:24 AM     Post Reply
One can reasonably presume how today’s Left would characterize and attack the person I am about to describe to you. Without a doubt, he would be characterized as some sort of dangerous, right-wing, tea-bagging, homophobic, Christian Neanderthal who should be maligned, attacked, marginalized, silenced, and driven from power.

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Posted By: tisHimself- 2/12/2014 5:01:53 AM     Post Reply
Thomas Paine once said, "Hereditary government violates the rights of the governed." Of course Paine referred to the likes of monarchs and generational rule by birth. However, is our current condition so distant? Birth alone may not occasion the chain reaction, per se, but the money accumulated, the networking that is passed along in families, and the media visibility advantages of birth to a high government official are not of little consequence.

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Posted By: tisHimself- 12/14/2013 7:21:29 AM     Post Reply
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Posted By: tisHimself- 12/12/2013 10:52:51 AM     Post Reply
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Posted By: tisHimself- 12/11/2013 3:21:08 PM     Post Reply
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Posted By: tisHimself- 12/3/2013 12:42:06 PM     Post Reply
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Posted By: tisHimself- 12/1/2013 7:18:21 AM     Post Reply
Pope Francis issued his first apostolic exhortation this week, and it has created quite a firestorm. A Google news search on ´Pope´ following the release of exhortation turned up all kinds of stories proclaiming that Pope Francis says Capitalism is ´evil´ from major news sources raning from the Chicago Tribune to ABC News to the Washington Post. Yahoo News ran AP writer Nicole Winfield´s article about the exhortation, Evangelii Gaudium, (The Joy of the Gospel), with a headline that initially said something like ´Pope Blasts Capitalism, says rich should share the wealth.´ After 12 hours the headline changed to "Pope issues

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Posted By: tisHimself- 11/19/2013 12:01:07 AM     Post Reply
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Posted By: Attercliffe- 3/7/2014 5:36:35 AM     Post Reply
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