Recession and Recovery: Six Fundamental Errors of the Current Orthodoxy
By Robert Higgs
This article appeared in the Winter 2010 issue of The Independent Review

Abstract

Almost everything that politicians and pundits have said about the economic recession has been false. The six worst mistakes, promulgated widely since Paul Samuelson’s best-selling textbook Economics first appeared in 1948, pertain to aggregation, relative prices, the rate of interest, capital and its structure, malinvestments and money pumping, and regime uncertainty.



Other Independent Review articles by Robert Higgs
    Winter 2016   Ludwig von Mises and Dietrich von Hildebrand: Some Remarkable Parallels
    Fall 2015   How Big Is Government in the United States?
    Summer 2015   Gross Domestic Product—an Index of Economic Welfare or a Meaningless Metric?
[View All (52)]



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