Tag: market process
Pandemics Are Not Recessions, And Pessimism Isn’t Logic

I thank Dr. Edwin G. Dolan for taking the time to critique my recent Independent Institute Executive Summary, A Pandemic is Not a Recession, in his April 15th blog posting for the Niskanen Center, “The Shaky Logic Behind Hopes for a Quick Recovery.” Criticism is valuable and necessary—though inaccuracies need to be cleared up…
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Nobel Laureate Economist Ronald Coase Turns 101

On December 29th, the world-renowned economist Ronald H. Coase celebrated in Chicago his 101st birthday. Professor Coase received the Nobel Prize in Economic Sciences in 1991, and he is the Clifton R. Musser Professor Emeritus of Economics at the University of Chicago Law School and the former, highly influential editor of the prestigious Journal…
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Fight of the Century: Keynes vs. Hayek Rap Video Round Two

“Fight of the Century: Keynes vs. Hayek Round Two” is the superb and very timely sequel to the phenomenally successful and insightful, rap video pitting the views of macroeconomist John Maynard Keynes against those of Austrian School economist Friedrich A. Hayek, “Fear the Boom and Bust.” The original has attracted to date more than…
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