New issue of Econ Journal Watch

Great apprehensions,
prolonged Depression.
Writing in 2008 in the American Economic
, Gauti Eggertsson claims that Hoover instantiated three
policy dogmas, and that, by overcoming Hoover’s dogmas, Roosevelt
shifted expectations and brought recovery by the end of his first term.
A thoroughgoing critique is offered here by Steven Horwitz. (Professor
Eggertsson is invited to reply in a future issue.)

The policy views of
American Economic Association members.
Robert Whaples shares the
results of a new survey that includes many new policy-opinion questions.

Economic Notes from
Four confessions:

  • Bruce Benson tells his
    troubled story—afflicted for 25 years with economic dissociative
    identity disorder—but it ends happily.
  • David Hakes tells how he
    complicated the math to get a paper published.
  • Stephen Kinsella tells of
    having to teach what you don’t believe in.
  • William P. Leonard tells
    how he teaches one thing in economics courses but, as college
    administrator, practices unconscionably to the contrary.


Invisible hand—metaphor
of moment?
Gavin Kennedy replies to Daniel Klein over Smith’s
famous phrase.

The Scottish tradition in
economic thought:
This 1955 lecture by Alec L. Macfie (1898-1980)
richly treats two centuries of Scottish economic thinkers and suggests
distinctiveness in the line.


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