Monthly Archives: February 2009

The eternal quest to fix prices

by Aschwin de Wolf Posted on February 27, 2009

If there is one single belief that unites most political thinking throughout the history of mankind it is that prices for goods and services cannot simply reflect supply and demand but should be manipulated to  achieve more grandiose goals. Although … Continue reading →

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Neo-liberalism’s dead end street blues

by Aschwin de Wolf Posted on February 25, 2009

The legal scholar Frank van Dun has written an insightful essay in Libertarian Papers about the unfortunate identification of liberalism with utilitarian-pragmatic policy making. His analysis is helpful for explaining why some liberal ideas became popular and others remained ignored.  … Continue reading →

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Understanding business cycles

by Aschwin de Wolf Posted on February 17, 2009

In his book Recessions and Depressions: Understanding Business Cycles, Todd A. Knoop points out that a Rational Expectations perspective does not necessarily require that all segments of society are rational or use all available information: Those who are rational will … Continue reading →

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