“It is astonishing what foolish things one can temporarily believe if one thinks too long alone, …”
I have an addiction: books. I feed my habit by browsing books in the local libraries and book stores. In my regular weekly trip to Barnes and Noble today I reviewed three relatively new books. [I miss Borders.] One was Keynes Hayek: The Clash that Defined Modern Economics by Nicholas Wapshott.
The author tells the story of the argument between the great economists John Maynard Keynes and Friedrich Hayek that persisted over decades. Both men are dead, but the argument continues.
The quote above is from the preface to Keynes’ masterwork, The General Theory of Employment, Interest and Money. He was writing in 1935 and acknowledging “the constant advice and constructive criticism” he had received from fellow economists during five long years of work.
Keynes’ observation is true and pertinent here. This site and I need your advice and criticism. Please post a comment directly or submit an article for publication. You will find that it’s easy and will probably do it again.
Bill Allen, 10-12-11