On October 13, it was announced that controversial New York Times columnist Paul Krugman had been awarded the “Nobel” prize in economics. Yes, “Nobel” appears in quotes for a reason. That’s because, unlike the other Nobel prizes which were established by inventor and philanthropist Alfred Nobel, the “Nobel” prize in economics was established (and funded) [...]
:: Thursday, March 18, 2010
At a most appropriate time, Sukrit asks:
What is the difference between the Austrian business cycle theory and monetarism, and which one do you think is a more accurate description of how the economy works?
The first part is fairly easily explained, since much material is written on both. The second part is much more difficult [...]
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