Post Tagged with: "Austrian School"

The shifting orthodoxy of economics: Friedman on Keynes

I found “John Maynard Keynes” by Milton Friedman. It’s reasonably short but here are two interesting sections: Quoting Callaghan: Experience led to disillusionment with initial Keynesianism on the part not only of professional economists but also of policymakers. The most dramatic evidence came from James Callaghan, when he was the […]

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FT.com: House prices show sharpest monthly fall since 1992

More housing market woe: The FT House Price Index recorded a drop of 1.3 per cent in August, the single largest monthly fall since October 1992, according to the latest figures released on Friday. This article places the problem into another perspective, that of the Austrian School of economics: The […]

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