Interested in learning more about the ideas debated in “Fight of the Century”? John and Russ discuss the ideas and thought processes behind the video in a new episode of EconTalk, available at EconTalk.org as well as on iTunes.
Then dig deeper by checking out the following links featuring economists and thinkers from across the spectrum.
Is the Great Recession Over?
Business Cycle Dating Committee, National Bureau of Economic Research, September 20, 2010
Did World War II End the Great Depression?
“Wartime Prosperity? A Reassessment of the Wartime Economy of the 1940s,” by Robert Higgs, Journal of Economic History, March 1992
“Higgs on the Great Depression,” EconTalk podcast, December 15, 2008
“Regime Uncertainty: Why the Great Depression Lasted So Long and Why Prosperity Returned After the War,” by Robert Higgs, The Independent Review (Spring 1997)
“What Was Wrong in Forecasts of Postwar Depression?” by W.S. Woytinsky, Journal of Political Economy, Vol. 55, No. 2 (April 1947) pp. 142-151. (Requires access to Jstor)
“The Reconversion Period: Reflections of a Forecaster,” by Everett E. Hagen, Review of Economics and Statistics, Vol. 29, No. 2 (May1947), pp. 95-101 (Requires access to Jstor)
“The Great Depression of 1946” by Richard K. Vedder and Lowell Gallaway
”The U.S. Postwar Miracle” by David R. Henderson
Assessment of the Stimulus Package of 2009
“How the Great Recession Was Brought to an End,” by Alan Blinder and Mark Zandi
“Obama Gives Keynes His First Real-World Test,” Adam Davidson and Alex Blumberg, Planet Money, NPR, January 29, 2009
“Fazzari on Stimulus and Keynes,” EconTalk podcast, January 24, 2011
“What’s Wrong with Keynes,” by Russ Roberts at Cafe Hayek, December 8, 2010
The Pretence of Knowledge,” by F.A. Hayek, Nobel Prize Lecture, December 11, 1974
“About Tsunamis as Stimulus, by John Papola at But What the Hell Do I Know, March 11, 2011
“What to Do,” by Paul Krugman, New York Review of Books, December 18, 2008
“Macroeconomic Effects from Government Purchases and Taxes,” by Robert Barro and Charles Redlick, July 14, 2010
“The Challenge of Creating Jobs in the Aftermath of the “Great Recession,” Testimony before the Joint Economic Committee by Joseph Stiglitz and Russ Roberts, Dec 10, 2009
“The Stimulus Package: Like the Housing Bubble Only Better,” Brad DeLong and Tyler Cowen, April 2009
Debate Between Brad Delong and Michele Boldrin on the Stimulus, UC Davis Campus, March 2009
“The Recalculation Story: A Summary,” by Arnold Kling, EconLog, July 24, 2010
Kling on Patterns of Sustainable Specialization and Trade, EconTalk podcast, February 7, 2011
“The Failure of Keynesian Politics”
Econometrics and the Nature of Bias
“Let’s Take the Con Out of Econometrics” by Edward E. Leamer
EconTalk with Russ Roberts and Robin Hansen on Truth and Economics
The Financial Crisis: Too Little Government or Too Much?
Capitalist Fools, by Joseph Stiglitz, Vanity Fair, January 2009
“Gambling with Other People’s Money: How Perverted Incentives Caused the Financial Crisis,” By Russ Roberts, Mercatus Center, April 28, 2010.
Keynes and Keynesianism
“How I Became a Keynesian: Second Thoughts in the Middle of a Crisis,” by Richard Posner, The New Republic, September 23, 2009
Review by Paul Krugman of Robert Skidelsky’s Keynes: The Return of the Master
“The relevance of Keynes,”Robert Skidelsky, Cambridge Journal of Economics, Vol. 35, issue 1, pp. 1-13, January 17, 2011
Hayek on Money
Larry White on Hayek and Money, EconTalk Podcast, February 1, 2010
A letter from Hayek and Lionel Robins with commentary by Mario Rizzo on the role of monetary policy during a deflation.
Who Plan for Whom?
“The Question I Ponder: Who Plans (and Spends) for Whom? – by John Papola
Background on the Cornermen in the Fight of the Century
“Jean-Baptiste Say” from the Concise Encyclopedia of Economics
“Thomas Robert Malthus” from the Concise Encyclopedia of Economics
“John R. Hicks,” from the Concise Encyclopedia of Economics
“Ludwig Von Mises,” from the Concise Encyclopedia of Economics
“Boettke on Mises,” EconTalk podcast, December 27, 2010
“Caldwell on Hayek,” EconTalk podcast, January 10, 2010
Thomas Malthus vs. Jean-Baptiste Say, a precursor to Keynes vs. Hayek
Understanding Say’s Law of Markets by Steven Horwitz
Say’s Law of Markets: An Austrian Appreciation also by Steven Horwitz
The “General Glut” of Thomas Robert Malthus by J. Bradford DeLong
General Glut summary via Wikipedia
For more information on John Maynard Keynes and F.A. Hayek, see “Get the Story Behind Fear the Boom and Bust.”