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Category Archives: hayek
Keynes vs. Hayek
Who offers a more compelling theory of the business cycle? The makers of this video seem to have had an answer to that question in mind.
In addition to being catchy, the rap hits on the most important distinctions between the Keynesian and Austrian theories of the business cycle. I especially liked the references to the [...]
Also posted in Banking & Finance, Econ 101 Tagged business cycles, hayek, keynes, video Leave a comment
Another RI Blogroll Blogger Bashes the Axiom
I’ve continued to think about Will Wilkinson’s post on the axiom of non-coercion and its inapplicability in reality, and while I recognize the limits of any axiom, I still have a problem with the way that he phrased the post. Wilkinson has a new ally on my blogroll in Robin Hanson, at Overcoming Bias.
Frustratingly, Hanson takes [...]
Also posted in Axiom of Non-Coercion, Freedom Tagged blogwars, efficiency vs liberty, federal reserve, the axiom 1 Comment
My Attempt at a Hayeku