The eugenics furore at University College London, where a committee is considering removing the names of Marie Stopes and Francis … Continue reading “Beware retroactive witch-hunts: economists will not be spared”

A review of Keynes Hayek: The Clash That Defined Modern Economics by Nicholas Wapshott. As the Luftwaffe targeted culturally-rich cities … Continue reading “Keynes Hayek: The Clash That Defined Modern Economics”

Monday night’s BBC documentary Keynes in the Masters of Money series will be followed by two others on Hayek and … Continue reading “Singing Keynes’ praises”

Free market capitalism is the best system of economic organisation ever devised. The 20th century demonstrated that it is consistent … Continue reading “Krugman’s liquidity trap claptrap”

Recent US growth figures seem to have re-energised naive Keynesians who, lacking any real evidence or credible prior theory for … Continue reading “From naivety to sophistry – Keynesian arguments on both sides of the Atlantic”

Lord Robert Skidelsky is unlikely to have understood the anecdote in his opening remarks in the LSE Hayek/Keynes debate. He … Continue reading “Hayek’s overcoat”

Jamie Whyte is the Head of Research and Publications at Oliver Wyman, a strategy consulting firm specialising in the financial … Continue reading “Keynes vs Hayek debate”

The impact of fiscal stimulus packages is very limited in the short-run and positively damaging in the long-run. That was … Continue reading “Will Keynes Be Buried Once and for All?”

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”