Ekkehard A. Köhler/ Lars P. Feld/ Daniel Nientiedt: The “Dark Ages of German Macroeconomics” and Other Alleged Shortfalls in German Economic Thought

Ordoliberalism is often accused as being responsible for Germany’s policy stance during the Eurozone crisis. Ordoliberalism originates from the so-called Freiburg School of Economics, founded by Walter Eucken during the 1930s at the University of Freiburg, which is in fact in Germany. It is however neither true that ordoliberal thought Continue Reading…

Daniel B. Klein/ Erik Matson/ Colin Doran: The Man within the Breast, the Supreme Impartial Spectator, and Other Impartial Spectators in Adam Smith’s ‚The Theory of Moral Sentiments‘

Adam Smith infused the expression “impartial spectator” with a plexus of related meanings, one of which is a super-being, which normally would aptly take the definite article the, and which bears parallels to monotheistic ideas of God. As for any genuine, identified, human spectator of an incident, he can be Continue Reading…

Daniel B. Klein: On Jordan Peterson, Postmodernism, and PoMo-Bashing

Jordan Peterson says that postmodernists say no interpretation is better than another. Hmm. I would no sooner identify Peterson’s adversaries as those who have been misled by „postmodernism“ than I would identify them as misled by „sustainability,“ „diversity,“ „multiculturalism,“ or „intersectionality.“ Such fare is mainly symptomatic. „Postmodern“ invocations are often Continue Reading…

Hansjörg Klausinger: Das Österreichische Institut für Konjunkturforschung 1927 bis 1938: Wirtschaftsforschung und Wirtschaftspolitik in der Ersten Republik. WIFO-Monatsberichte

Das Ende 1926 gegründete Österreichische Institut für Konjunkturforschung – das spätere Österreichische Institut für Wirtschaftsforschung – entwickelte sich unter seinen Leitern Friedrich A. Hayek und Oskar Morgenstern von 1927 bis 1938 zu einer bedeutenden außerakademischen Institution der Wirtschaftsforschung mit hoher internationaler Reputation. Inhaltlich wandelten sich die Aufgaben von der Konjunkturdiagnose Continue Reading…