Hawtrey on the Keynesian Explanation of Unemployment
Here is a tidbit I just found the end of R. G. Hawtrey’s long chapter on the General Theory in his volume Capital and Employment, (second edition, 1952) pp. 218-19. Unemployment in Great Britain seemed...
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Krugman on the Volcker Disinflation
Earlier in the week, Paul Krugman wrote about the Volcker disinflation of the 1980s. Krugman’s annoyance at Stephen Moore (whom Krugman flatters by calling him an economist) and John Cochrane (whom...
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