Macrofoundations of Microeconomics
During my lifetime I witnessed the largely successful counterattack against John Maynard Keynes within neoclassical (standard textbook) economic theory. This neoclassical intellectual current has been […]
Month: June 2016
The Value of Money
Last week I discussed some limitations of a gold standard monetary system. An additional problem on which I did not elaborate is that of misconceptions […]
As Good as Gold
This past Monday I was invited to speak about China’s current debt problem at a meeting of the Committee for Monetary Research and Education. The […]
This is not Fascism
The Economist is taking up a debate introduced by conservative military historian Robert Kagan about whether Donald Trump is a fascist. Like most political debates, […]