Insufficiently educated in the history of economic thought, they do not realize that Keynesianism — down to the most technical details, like the concept of the foreign exchange multiplier — is mercantilism or, more precisely, John Lawism pure and simple.
As it turns out, Krugman's apologists shouldn't demand more context for his notorious quotes, since it only shines even more light on how confused and backward he is as an economist.
Unjust combatants who feared punishment at the end of the war might be more reluctant to surrender, preferring to continue to fight with a low probability of victory than to surrender with a high probability of being punished.
Konkin dificulta la Konkin dificulta la eficacia libertaria creando problemas morales donde no existen: acusando como no libertarios o no de mercado a un montón de instituciones necesarias para el triunfo de la libertad: organización, jerarquía, trabajo asalariado, donaciones de fondos de...
Konkin cripples libertarian effectiveness by creating moral problems where none exist: by indicting as nonlibertarian or nonmarket a whole slew of institutions necessary to the triumph of liberty: organization, hierarchy, wage work, granting of funds by libertarian millionaires, and a libertarian...
As every flood and government response since has made clear, government only wastes resources when it attempts to prevent floods while it continues to increase the danger and destructiveness of future floods.
Watching the Capitol Hill hearings on what went wrong after Hurricane Katrina provided a glimpse of what it must have been like in the Politburo in the 1950s, writes Lew Rockwell.
