Friday, July 9, 2010

Letters of Spirit between Keynes vs. Hayek

Gerald P. O'driscoll Jr. has a article (Keynes vs. Hayek: The Great Debate Continues) published in the WSJ:

  • The debates raging over what policies will pull the U.S. economy out of its Great Recession replicate one that occurred during the Great Depression. Thanks to the efforts of Richard Ebeling, a professor of economics at Northwood University, we have compelling and concise documentary evidence. He has unearthed letters to the Times of London from the two sides that mirror today's debates.

  • On Oct. 17, 1932, the Times published a lengthy letter from John Maynard Keynes and five other academic economists. Keynes, et al. (Keynes for short), made the case for spending—of any kind, private or public, whether on consumption ..

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Also red a piece by Mario Rizzo in the CM

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