Hicks on Temporary Equilibrium
J. R. Hicks, who introduced the concept of intertemporal equilibrium to English-speaking economists in Value and Capital, was an admirer of Carl Menger, one of the three original Marginal...
View ArticleKrugman on Mr. Keynes and the Moderns
UPDATE: Re-upping this slightly revised post from July 11, 2011 Paul Krugman recently gave a lecture “Mr. Keynes and the Moderns” (a play on the title of the most influential article ever written about...
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Roger and Me
Last week Roger Farmer wrote a post elaborating on a comment that he had left to my post on Price Stickiness and Macroeconomics. Roger’s comment is aimed at this passage from my post: [A]lthough price...
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CAUTION Accounting Identity Handle with Care
About three years ago, early in my blogging career, I wrote a series of blog posts (most or all aimed at Scott Sumner) criticizing him for an argument in a blog post about the inefficacy of fiscal...
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Temporary Equilibrium One More Time
It’s always nice to be noticed, especially by Paul Krugman. So I am not upset, but in his response to my previous post, I don’t think that Krugman quite understood what I was trying to convey. I will...
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