September 23, 2007
Forthcoming paper on Hayek and the Great Depression
My paper “Did Hayek and Robbins Deepen the Great Depression?” critically discusses the thesis -- variously advanced by Milton Friedman, Brad DeLong, and others -- that F. A. Hayek and Lionel Robbins gave “liquidationist” policy advice that swayed American policy-makers in the wrong direction in the early years of the Great Depression. As a forthcoming article it is now available here on the website of the Journal of Money, Credit, and Banking. Read it now before it is actually published and becomes harder to access!
Posted by Lawrence H. White at 05:56 PM in
Economics