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What??? I have only been studying this for a short while, but even I know this a gross misrepresentation - any comments? Hayek was associated with the Austrian school, ascendant in the 19th and early 20th centuries, which argued that the private sector should be left free to carry out the task of any...
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From yesterday's WSJ. ---------------------------------------------------------------- By ALAN S. BLINDER Ignorance is not bliss, especially when your economy is faltering and sound policies are badly needed. For months, we have witnessed the spectacle of people arguing that Keynes was wrong. Somehow...