prolonged Depression. Writing in 2008 in the American Economic
Review, 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
Underground. 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.
of moment? Gavin Kennedy replies to Daniel Klein over Smith’s
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.