In my view, Say’s Law may be the single most important principle in economics. But it is a principle that … Continue reading “Keynes’s disastrous contribution to economic theory”

The text of the first edition of Free Market Economics: An Introduction for the General Reader was written in a … Continue reading “Fiscal stimulus policies were doomed to fail”

In this thoroughly updated second edition of Free Market Economics, Steven Kates assesses economic principles based on classical economic theory … Continue reading “Free Market Economics, Second Edition”

I am reading the Economist and Financial Times 2013 book of the year, Stephen D. King’s When the Money Runs … Continue reading “What to do before the money runs out”

I was given a copy of John Kenneth Galbraith’s 1975 treatise which goes by the name of Money: Whence it … Continue reading “Debts, deficits and slow growth”

Has Keynesian economics reached the final frontier of idiocy? I may live on the other side of the world, but … Continue reading “Negative interest rates: policy reaches a new low”

There was a passage in the Wall Street Journal’s Notable & Quotable column the other day from an essay written by John Stuart … Continue reading “‘What a country wants to make it richer, is never consumption, but production’”

After writing ‘you cannot make an economy grow through public spending’ I received this touching statement of Keynesian faith in … Continue reading “Economic theory’s identity crisis: why Keynesianism must go”

Only someone with professional training in economics has ever heard of the economic principle now known as Say’s Law of … Continue reading “Say’s Law of Markets”