Philosopher Michael Polanyi was also a prescient economic thinker who, while considering himself a Keynesian, showed the importance of money in the macroeconomy 20 years before the monetarist revolution. His 1945 book, Full Employment and Free Trade, is one of the under-appreciated gems of twentieth century economics.
Paul Craig Roberts is the John M. Olin fellow at the Institute for Political Economy and former Assistant Secretary of the Treasury for Economic Policy.
T. Norman Van Cott is a professor of economics at Ball State University.
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Other Independent Review articles by Paul Craig Roberts
Winter 2020/21 What Is Supply-Side Economics? Four Decades Later Wikipedia and Academic Economists Still Don’t Know
Fall 2009 Letter to the Editor
Spring 2004 My Time with Karl Marx
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Other Independent Review articles by T. Norman Van Cott
Spring 2007 Doomsters, Evil I’s, and Tunnel-Vision Economics
Spring 2005 Tariffs, Immigration, and Economic Insulation: A New View of the U.S. Post-Civil War Era
Spring 2003 More on Voting
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