Archive for May 27th, 2016

Getting rid of the word big bang from economics…

May 27, 2016

This word big bang reforms remains the most hyped and yet poorly defined term in economics. I was really happy that India’s PM responded to WSJ editors that he did not know the meaning of the term. Nor his experts could define it:

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Keynesianism is the most successful and pernicious hoax in the history of economic thought…

May 27, 2016

Llewellyn H. Rockwell Jr. has a stinging piece on Keynes and his ianisms. The title of the post is Keynes must die which was picked from a Korean translator:

As the Korean translator of an Austrian text put it, “Keynes must die so the economy may live.” With your help, we can hasten that glorious day.

The piece goes onto show how Keynes successfully captured economics and politicians minds (but obviously) despite being a”tissue of distortions, fallacies, and drastically unrealistic assumptions”.

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The History of Economic Thought website is reborn..

May 27, 2016

Kudos to Gonçalo Fonseca of INET for resurrecting the website on History of Economic Thought.

Here is an article on the announcement:

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12 Articles Every Aspiring Economist Should Read..

May 27, 2016

Steven Horwitz points to the 12 articles all wannabes must read. The list is for all those wanting to enrol into PhD in economics. I am pretty sure students of most econ places barely recommend reading all these pieces unless students discover them by themselves. The list has  Tullock, Hayek, Friedman, Coase and so on..

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