EconLog small logo

History of Economic Thought

A Category Archive (4 entries)
I often debate the question of whether severe slumps are caused by financial crisis or tight money. In my view it's usually tight money, with financial stress being a symptom of falling NGDP. So how would we test my hypothesis?... MORE

Illiberal Reformers is Heartening

History of Economic Thought
David Henderson
No, using "is" instead of "are" is not a typo. Illiberal Reformers is the title of an excellent book by Princeton University economics lecturer Thomas C. Leonard. The subtitle is "Race, Eugenics & American Economics in the Progressive Era."... MORE

Milton Friedman: The Compromise Candidate

History of Economic Thought
Emily Skarbek
As the economics job market is underway and the AEA meetings in Chicago wrap up today, it is perhaps apropos to recount how one of the leading figures of economics in the 20th century was hired. Milton Friedman is one... MORE

Stigler on Shaw on Marx

History of Economic Thought
David Henderson
George Bernard Shaw finds one of two crucial mistakes in Karl Marx; George Stigler finds the other. One of the late George Stigler's many contributions to economics, one that was not recognized by the Nobel Committee when it made its... MORE

Return to top