A recent post from Daniel Lacalle, “How Keynesians Got The US Economy Wrong Again,” exposed the widening gap between John Maynard Keynes’ economic theory and reality. Despite the confident forecasts ...

Just remembered this, in reference to the previous post. It’s from Keynes’ Tract on Monetary Reform, right after the famous line about us all being dead in the long run: Economists set themselves too ...

J. Bradford DeLong’s “Creative Destruction’s Reconstruction: Joseph Schumpeter Revisited” (The Chronicle Review, December 7) presents a generally sound overview of Schumpeter’s economics work. However ...

Beyond benchmark measures like employment, growth, and inflation, economics encompasses the full spectrum of humanity. It affects—and reflects—everyone. Central bankers may be most acutely aware of ...