Tiger by the Tail

F.A. Hayek said that his biggest regret in a lifetime of writing was that he never wrote a book-length refutation of Keynesian economics. He seriously doubted that Keynesian style planning would ever captivate governments, so he focused on different things. Economist Sudha Shenoy decided to rectify the problem. As a Hayek scholar, she noted that […]

Common Sense Economics

Professor Hahn, one of the greatest but least known Austrian economists of his generation, offers a fantastic refutation of Keynesian macroeconomics, including its wild obsession with effective demand, and also a systematic presentation of the Austrian theory of the business cycle.   It might have been common sense in his day, but it is surely […]

The Economics of Illusion

L. Albert Hahn was one of the most highly regarded economists and bankers in Germany before World War II, but he was unknown in the United States until this translation of The Economics of Illusion appeared in 1949. He immigrated to the United States in 1940. This book is his frontal attack on the Keynesian system, which […]

The Power Elite Rips You Off

By Llewellyn H. Rockwell, Jr. August 27, 2011 It should be obvious to everyone but the most dedicated adherent of Keynesianism that the stimulus did not accomplish its end. The combination of outright spending by Congress, the desperate schemes to reflate the housing market, the attempt to transfuse bleeding firms with other people’s money, and […]