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Socialdem. 21st Century

Relative Price Rigidity and Austrian Economics

The purpose of this post is to examine and provide a critique of Austrian price theory, and in particular the Austrian denial of relative price rigidity in the real world.In the Austrian economist Ludwig Lachmann’s book Capital, Expectations, and the Market Process (Kansas City, 1977) there is a section where Lachmann reviews John Hicks’s book Capital and Growth (Oxford, 1965).The significance of Hick’s discussion is described by Lachmann:“Two other matters of great significance are dealt...

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Friedrich Hayek – Sobre Lord Keynes (Leg Pt-Br)

Friedrich August von Hayek foi um economista e filósofo austríaco, posteriormente naturalizado britânico. É considerado um dos maiores representantes da Escola Austríaca de pensamento econômico. Nascimento: 8 de maio de 1899, Viena, Áustria Falecimento: 23 de março de 1992, Freiburg, Alemanha Formação: Universidade de Viena (1923), Universidade de Viena (1921), Universidade de Nova Iorque Influenciou: John Maynard Keynes, Milton Friedman Influenciado por: Ludwig von Mises, Adam Smith, Karl...

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Friedrich Hayek – Sobre Lord Keynes (Leg Pt-Br)

Friedrich August von Hayek foi um economista e filósofo austríaco, posteriormente naturalizado britânico. É considerado um dos maiores representantes da Escola Austríaca de pensamento econômico. Nascimento: 8 de maio de 1899, Viena, Áustria Falecimento: 23 de março de 1992, Freiburg, Alemanha Formação: Universidade de Viena (1923), Universidade de Viena (1921), Universidade de Nova Iorque Influenciou: John Maynard Keynes,...

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Ciro Gomes e o Lord Keynes

Mostre esse vídeo pra quem acredita na democracia e gosta de usar a frase: "você tinha 13 opções nas eleições" Só de olhar o top 3 das eleições já fica cristalina a falha do sistema democrático, só discorda quem tem medo da verdade

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Ciro Gomes e o Lord Keynes

Mostre esse vídeo pra quem acredita na democracia e gosta de usar a frase: "você tinha 13 opções nas eleições" Só de olhar o top 3 das eleições já fica cristalina a falha do sistema democrático, só discorda quem tem medo da verdade

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Response to Academic Agent on Modern Monetary Theory (MMT) Part 2

Academic Agent had a livestream here criticising my blog post that was a critique of his original video against MMT:[embedded content]This stream is a train wreck. Academic Agent and his Austrian-school libertarians struggle to even accurately grasp Modern Monetary Theory (MMT).I will not correct all the errors and misrepresentations here, or bother to correct every strawman argument.But, first of all, let us just provide a knockout blow to Academic Agent and his minions. Throughout the...

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Modern Monetary Theory (MMT): Responding to Lord Keynes 2

After my recent video on MMT, LordKeynes2 took to his blog to critique it in his usual inimitably charming manner. This stream will be my response. I will by joined by Radical Liberation and Restitutor Orbis. You can find his blog post here: http://socialdemocracy21stcentury.blogspot.com/2020/04/a-refutation-of-academic-agents.html I'll be using this dataset showing actual US prices from 1971-3: https://babel.hathitrust.org/cgi/pt?id=uc1.31210013531254 Radical Liberation's channel:...

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Modern Monetary Theory (MMT): Responding to Lord Keynes 2

After my recent video on MMT, LordKeynes2 took to his blog to critique it in his usual inimitably charming manner. This stream will be my response. I will by joined by Radical Liberation and Restitutor Orbis. You can find his blog post here: http://socialdemocracy21stcentury.blogspot.com/2020/04/a-refutation-of-academic-agents.html I'll be using this dataset showing actual US prices from 1971-3: https://babel.hathitrust.org/cgi/pt?id=uc1.31210013531254 Radical Liberation's channel:...

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