Monty Pelerin's World

The Daily Bell describes the plight of investment advisers: These are not happy times for investment advisers. While it is true that stock markets have not entirely collapsed following the financial [...]

This interpretation of Keynes through Hayek’s eyes was produced by Taking Hayek Seriously: Hayek was a close student of the economic of John Maynard Keynes — he was, after all, [...]

The Keynesian mindset has poisoned the thinking of a few generations of economists. Nowhere is this convoluted thinking more apparent than the common violation of “The Broken Window Fallacy.” Frederic [...]

The name Ludwig von Mises is synonymous with classical liberalism. He was an unrepentant champion of freedom and free markets. His beliefs, unlike so many of us, were not something [...]

For those of you who don’t know who Henry Hazlitt was and even for those who believe you do know, Lew Rockwell has an article contrasting him with John Maynard [...]

As Friedrich Hayek, shown to the left with President Reagan, pointed out in many articles and books, Keynesian economics cannot work and never worked. Below is a particularly pertinent quote [...]

The Failure of Keynesian Economics by Steven Kates That anyone can still believe Keynes’s General Theory holds any answers to the world’s economic problems is one of those sad facts that [...]

Macroeconomics does not work for a multitude of reasons. First and foremost is that it does not pick up the “changes” at the microeconomic level. That is, it does not [...]

Even John Maynard Keynes recognized his central planning approach to economics could not work. Ten days before his death he stated: “I find myself more and more relying for a [...]

The two irreconcilable approaches in economics were typified by John Maynard Keynes and Ludwig von Mises. Their differences, as described by The Daily Capitalist: If you are a follower of J. [...]

Mark W. Hendrickson wrote a piece on Keynesian Economics in American Thinker today. It is an excellent read for fans or opponents of Keynes. Even better for those who want [...]

The results of this recent Rasmussen survey support my observation that the more economics courses taken in college the less knowledgeable a person is in the subject. Taken to its [...]