Economic History Archives - Page 4 of 4

Keynes and Friedman are always right: a reply to DeLong & Krugman

7th June 2015

Brad DeLong has an interesting rule of thumb: if you want to understand the economy since the mid-1990s, Paul Krugman is always right. And if you ever think he's wrong ... Don't. I disagree, and a detour into ...

The “Pigou effect” is smarter than you think, and more relevant than ever

Eric Lonergan

5th April 2015

Economic History, Helicopter Money, Monetary Policy, Theory & Other Problems

6

I was taught to dismiss the Pigou effect. Arthur Cecil Pigou (or “Pig” if you believe spell-check) was a great Cambridge economic theorist, known to most of us as the object of Keynes’s repeated ridicule in the...

Was Milton Friedman the last economist?

Eric Lonergan

3rd April 2015

Economic History

7

Macroeconomics can lead policy-making or it can follow it. Since Milton Friedman, and Robert Lucas, it has been following. Friedman was an important macroeconomist because he diagnosed what was failing in the ...

Foreign Affairs: print less, transfer more

Eric Lonergan

2nd January 2015

Economic History, Helicopter Money, Monetary Policy

In Foreign Affairs, Mark Blyth and I map out a plan to end recessions and broaden equity ownership - without raising taxes. Read the full article here....

Keynes and Friedman are always right: a reply to DeLong & Krugman

The “Pigou effect” is smarter than you think, and more relevant than ever

Was Milton Friedman the last economist?

Foreign Affairs: print less, transfer more

Reviews of Eric’s book

CNBC: market sell-off is ‘noise’

Monetary policy & babysitting: why rates are so low, and ‘what’s next?’