Posts Tagged ‘Hayek’

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    Supreme Court Laughter

    Mar 30, 12 • 213 Views • No Comments

    Using transcripts that say (Laughter) when some levity enters the proceedings, one legal scholar has concluded that the Supreme Court averaged 1.027 laughs per oral argument. The funniest justice is Anton Scalia who holds the record with a total of 77...  [read more]

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    Econ Fun

    May 19, 11 • 251 Views • No Comments

    The second Keynes/Hayek rap video, “The Fight of the Century” just arrived. Like the first one, it focuses on the never ending debate between economists who want more government and those who believe in less. In this Econtalk discussion, the...  [read more]

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    Spend More or Less?

    Aug 29, 10 • 253 Views • No Comments

    It was perfect. On the left side of the NY Times Op-Ed page, David Brooks defended the austerity approach. On the right was Paul Krugman saying spend more. Those are the alternatives. Maybe now it will be easier to choose one? Using Germany as his model,...  [read more]

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    Making Macroeconomic Decisions

    Jun 30, 10 • 227 Views • No Comments

    One problem with macroeconomic policy is the inability to confirm that it does or does not work. With variables constantly in motion, an entire economy as your lab, and no way to keep anything constant, how to know if you are doing the right thing?  This...  [read more]

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    Handy Quotations

    Apr 6, 10 • 239 Views • No Comments

    On Economics: Economics is “the study of mankind in the ordinary business of life.”   Alfred Marshall, 1842-1924 (U.K. economist). “The curious task of economics is to demonstrate to men how little they really know about what...  [read more]