Marius Gustavson
Articles
Deflating China’s Bubble
Reining in China’s investment boom will be hard. The Chinese authorities are damned if they do and damned if they don’t.
Lawrence H. White – The Clash of Economic Ideas
George Mason University economist Lawrence H. White is writing a book on The Clash of Economic Ideas. Last summer he gave a lecture, published as a video by New Media, in which he briefly presents the outline of the book, before going more in-depth through one of the chapters, analyzing the differing views among economists…
Mark Skousen – Vienna and Chicago: Friends or Foes?
In this book prolific writer Mark Skousen presents the Austrian and Chicago school of economics, explaining their main views on money, business cycles and competition.
Mark Skousen – The Making of Modern Economics
Good introductory text to the intellectual history of economics
Ferguson and Rogoff on the financial crisis
In this video panel on Bloomberg.com, economic historian and author The Ascent of Money, Niall Ferguson, discusses the financial crisis and global recession with economist and author of This Time Is Different, Kenneth Rogoff. They both warn that the global crisis is not yet over, and that a fiscal crisis may very well impact the…
Florin Aftalion – The French Revolution: An Economic Interpretation
In this monograph, French economist Florin Aftalion sets out to rectify a great omission in most historical accounts of the French Revolution, namely to look at how economic, and especially monetary forces helped shape the dynamics of the revolution. Book description: “The economic history of revolutionary France is still a neglected area in studies of…
John Munro – The Monetary Origins of the ‘Price Revolution’
In this paper, John Munro of the Department of Economics, University of Toronto revisits the historical debate on the origins of the price revolution of the 16th century. Though some historians and economists have claimed that this event was caused by population growth, Munro clearly demonstrates that the origins were monetary and not demographic. He…
We Are Not All Keynesians Now
The financial crisis and global recession has brought traditional Keynesian policies back to the fore. However, not all economists are Keynesians now.
The Global Debt Crisis
Recent developments have clearly demonstrated that “there is no such thing as a Keynesian free lunch.” The grim story of fiscal crises afflicting major economies is something that should not be taken lightly. It could happen sooner than most people think if the governments of the US and other debt-ridden countries don’t get their fiscal…
A Doomsday Cycle
Economists Peter Boone and Simon Johnson think the economic system could be stuck in a “doomsday cycle”: “Over the last three decades, the US financial system has tripled in size, as measured by total credit relative to GDP. Each time the system runs into problems, the Federal Reserve quickly lowers interest rates to revive it.…
