Keynes vs. Hayek Smackdown: Battle Still Rages Between Long-Dead Economists
To many market watchers, the fight of the century was the battle royale between economists John Maynard Keynes and Friedrich August von Hayek--and it's a fight that rages on though the opponents died years ago.
IMCA Conference Comes to NYC Featuring Ezrati, Golub
IMCA will bring a wealth of speakers to its Jan. 30-31 consultants conference on Times Square in New York City.
Europe’s Storm, and Ours
Contrary to the widespread view that the European debt crisis is acting as a drag on the U.S. economic recovery, it actually has been beneficial for the United States. The euro-zone debt crisis has given Washington a respite by boosting the safe-haven premium of Treasury bonds and reducing the debt-service...
Does Keynes Offer Solutions for Today?
Readers are invited to weigh in on the controversy over the validity of John Maynard Keynes’ economic theory–so poignant today because we are living in the worst economic times since the Great Depression, to which Keynesian economics was a response.
The U.S. economy is a highly-complex, multifaceted mechanism.
Finding Value in a Loser’s Game
As John Kenneth Galbraith famously pointed out, we have two classes of forecasters: those who don’t know and those who don’t know they don’t know.
Personal Spending Surges Even as Confidence Sinks: News Analysis
What matters more: consumers’ actual spending or an intangible general mood based on survey data?
The Perils of Prognostication
Strategists from most Wall Street experts predicted 10-12% market growth for 2011 while only two called for minor declines.
Keynes’ Theory Turns 75 as Debate on Government Spending Rages On
Nobel-prize winning economist and New York Times columnist Paul Krugman addressed the plenary session of the conference, held at Keynes’ alma mater, Cambridge University, this week.
Crowded Trades and Alpha Don’t Go Together
John Maynard Keynes was fond of referring to the stock market as a beauty contest.