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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
    Summer 2014   The Fed’s Immiseration of People Who Live on Interest Earnings
    Spring 2014   The Salmon Trap: An Analogy for People’s Entrapment by the State
    Winter 2014   Worrisome Changes in U.S. Labor Force and Employment since 2007
[View All (46)]


Volume 14 Number 3
Winter 2010

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