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.
Robert Higgs is Retired Senior Fellow in Political Economy, Founding Editor and former Editor at Large of The Independent Review.
Economic History and DevelopmentEconomic PolicyEconomyFiscal Policy/DebtFree Market EconomicsPublic Choice
Other Independent Review articles by Robert Higgs
Fall 2019 Pressure-Release Valves in Participatory Fascism
Winter 2018/19 Two Worlds: Politics and Everything Else
Fall 2018 Against the Whole Concept and Construction of the Balance of International Payments
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