Keynes challenged the fundamental theories of classical economics and influenced European and American economic policies throughout World War I, the Great Depression, and World War II. How did Keynes’ ...

Just remembered this, in reference to the previous post. It’s from Keynes’ Tract on Monetary Reform, right after the famous line about us all being dead in the long run: Economists set themselves too ...

When you purchase an independently reviewed book through our site, we earn an affiliate commission. Do you hear that? It’s the sound of the money printer whirring — trillions of dollars getting pumped ...

While conservatives rightly talk up free markets and freedom to choose, their analysis of how the world works frequently tramples on their rhetoric. See their endless crisis-mongering about low U.S.

In 1944 Friedrich Hayek received a letter from a guest of the Claridge Hotel in Atlantic City, New Jersey. It congratulated the Austrian-born economist on his “grand” book, “The Road to Serfdom”, ...