Economics Questions

Re: Non-Austrian Stagflation

Inquisitor — Wed, 03 Oct 2007 04:07:46 GMT

I'll try find some now that I'm back at uni.

Re: Non-Austrian Stagflation

earlgrey — Tue, 02 Oct 2007 05:35:35 GMT

Inquisitor: Thank you, but I did ask for aticles or audios. Those would be more helpful.

Grant: Listen to, or read, chapter 9 of For a New Liberty.

Re: Non-Austrian Stagflation

Grant — Tue, 02 Oct 2007 03:48:05 GMT

Correct me if I'm wrong, but the Austrian explaination is that monetary inflation which effects wages before assets creates more unemployment, while inflation which effects assets before wages creates more employment, correct? Something that simple seems hard to refute.

Re: Non-Austrian Stagflation

Inquisitor — Tue, 02 Oct 2007 03:08:02 GMT

Well to my knowledge Friedman provided a critique originally of the Phillips Curve, showing via his adaptations-augmented version of it how boosting AD in Keynesian economics would both increase unemployment and inflation. The New Classicist Rational Expectations model is a more sophisticated explanation. Neo-keynesians have responded to both, and I haven't followed up responses to their reformulated positions, but if you want to trace non-Austrian explanations of the phenomenon I recommend you look into New Classicist economists. Hope that helps.

Re: Non-Austrian Stagflation

earlgrey — Tue, 02 Oct 2007 02:48:30 GMT

Any really, but (Neo)Keynesian would be most useful.

Re: Non-Austrian Stagflation

Inquisitor — Tue, 02 Oct 2007 02:36:38 GMT

Which schools specifically?

Non-Austrian Stagflation

earlgrey — Tue, 02 Oct 2007 01:23:44 GMT

What are some articles or audios (audios preferrable) that critique other schools' explanations for stagflation?