From the beginning I have been convinced that Milton Friedman possessed a dual personality, somewhat like Doctor Jekyll and Mister Hyde: a strong economist by day, a weak citizen by night. Nothing I’ve read and written about in the last nine weeks has convinced me otherwise, not even Edward Nelson’s meticulous explication Friedmans’ professional life […]

Economic Principals

31.03.2024

A Dopplegänger for Keynes? A scientist and culture entrepreneur in another field whose body of work resembles his. - Economic Principals

Economic Principals has become interested in the difference of opinion between Joh Maynard Keynes and Milton Friedman with respect to their explanations for the causes of the Great Depression, Keynes blamed social aggregates within the economy itself for a sudden fall, Friedman blamed an inept Federal Reserve. History has shown that Friedman was right and […]

Economic Principals

08.04.2024

What Comes Next? Longevity leads to inattention. - Economic Principals

Last week Economic Principals emailed and posted an unedited version of A Doppelgänger for Keynes? The page was full of typos (since replaced on the Web by the edited version). EP had been distracted earlier in the day and wasn’t paying attention. Two good things emerged from the mix-up. The week before, I had compared […]

Economic Principals

15.04.2024

It Is What It Is: The war in Ukraine did not have to happen. - Economic Principals

Economic Principals has followed developments in Russia at a distance since 1989; more closely since 1991, when the Soviet Union dissolved; with active interest since 1996, when Boris Yeltsin was re-elected; with hopes since 1999, when Vladimir Putin was appointed; with curiosity since 2007, when Putin condemned America’s invasion of Iraq; with shock since 2008, […]

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Economic Principals

Economy

The Tenth Good Book - Economic Principals

A Dopplegänger for Keynes? A scientist and culture entrepreneur in another field whose body of work resembles his. - Economic Principals

What Comes Next? Longevity leads to inattention. - Economic Principals

It Is What It Is: The war in Ukraine did not have to happen. - Economic Principals

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