Classing Up The General Theory

Here is an image of the back cover of the Romanian edition of Keynes’s General Theory published in 2009. If you look close enough you will see that the blurbs feature quotations from Murray Rothbard, Ludwig von Mises, and Paul Krugman, in that order starting from the top. Rothbard’s and Mises’s statements do not refer directly to Keynes or the General Theory, and it is hard to understand why they would be there except to add cachet to the book.

Armen Alchian, RIP

Armen Alchian died on February 19 at the age of 98.

I learned this on February 20. At the end of the day on February 19, I was working on a book I am writing on the structure of economic thought. I try to write two pages a day. I wrote this:

The International War on Cash

The actual aim of the recent flood of laws rendering cash transactions less convenient or limiting or even prohibiting them is to force the public at large to make payments through the financial system in order to prop up the unstable fractional-reserve banks and, more importantly, to expand the ability of governments to spy on and keep track of their citizens’ most private financial dealings.
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