Last fall and early winter I posted a series of four blogposts (here, here, here, and here) about or related to Ralph Hawtrey as I was trying to gather my thoughts about an essay I wanted to writ...
https://uneasymoney.com/2024/04/18/my-new-paper-on-hawtrey-is-available-on-ssrn/
Clara Mattei, associate professor of economics at the New School for Social Research, recently published a book, The Capital Order: How Economists Invented Austerity and Paved the Way to Fascism,...
https://uneasymoney.com/2023/12/25/mattei-misjudges-hawtrey/
In my previous post, I explained how the real-bills doctrine originally espoused by Adam Smith was later misunderstood and misapplied as a policy guide for central banking, not, as Smith understo...
Robert Hetzel, a distinguished historian of monetary theory and of monetary institutions, deployed his expertise in both fields in his recent The Federal Reserve: A New His...
https://uneasymoney.com/2023/12/08/central-banking-and-the-real-bills-doctrine/
One of my goals when launching this blog in 2011 was to revive interest in the important, but unfortunately neglected and largely forgotten, contributions to monetary and macroeconomic theory of ...
https://uneasymoney.com/2023/10/28/ralph-hawtrey-part-1-an-overview-of-his-career/
The following is extracted from a paper on the history of macroeconomics that I’m now writing. I don’t know yet where or when it will be published and there may or may not be further installm...
https://uneasymoney.com/2022/01/09/the-rises-and-falls-of-keynesianism-and-monetarism/
Today, Sunday, August 15, 2021, marks the 50th anniversary of the closing of the gold window at the US Treasury, at which a small set of privileged entities were at least legally entitled to dema...
https://uneasymoney.com/2021/08/15/the-demise-of-bretton-woods-fifty-years-on/
Sometimes you get into a Twitter argument when you least expect to. It was after 11pm two Saturday nights ago when I saw this tweet by Gabriel Mathy (@gabriel_mathy) Friedman says if there had be...
The following is an updated and revised version of the penultimate section of my paper with Ron Batchelder “Pre-Keynesian Theories of the Great Depressison: What Ever Happened to Hawtrey and Ca...
https://uneasymoney.com/2021/03/31/monetarism-and-hawtrey-and-cassel/
The role of the Hawley-Smoot Tariff (aka Smoot-Hawley Tariff) in causing the Great Depression has been an ongoing subject of controversy for close to a century. Ron Batchelder and I wrote a paper...
https://uneasymoney.com/2021/03/05/the-hawley-smoot-tariff-and-the-great-depression/