Böhm-Bawerk on Keynesian Stimulus.

Now that Eugen von Böhm-Bawerk (1851-1914) joined Friedrich von Hayek in the online PoKe pantheon, it seems fair to bring to the readers' attention Richard M. Ebeling's 2015 essay "Eugen von Böhm-Bawerk: Leading Austrian Economist and Finance Minister of Fiscal Restraint".

Apart from being a critic of Marxism -- aspect of Böhm-Bawerk's work endearing him to internet PoKes, but which Rudolf Hilferding ("Böhm-Bawerk's Criticism of Marx", 1920) and Nikolai Bukharin ("Economic Theory of the Leisure Class", 1927) replied to -- Ebeling describes other, apparently less well-known, aspects of Böhm-Bawerk's economic thought.

Misnomers in Economics.

Economics, it seems, is largely the science of attributing to authors ideas they never supported (h/t Economist's View). At least, this is what one infers from a recent Vox column by Thorvaldur Gylfason, Helgi Tomasson, and Gylfi Zoega (Vox, Mar 24). Referring to the cases of David Ricardo and Irving Fisher, GTZ write:

"The pattern is pretty clear – you make a discovery (or perhaps you just make a point!) and it may become irretrievably associated with your name.

"Or it may not.

"Or something completely different can happen. Just ask David Ricardo and Irving Fisher."

Or you could ask Karl Marx.

Ironies of the Pseudo-Left.

The ironies of the pseudo-Left: to get a better piece of anti-Sanders bash, Trish Regan should have called a plebeian American liberal, like Jonathan Chait or V.S.P. P. Krugman, instead of a Norwegian/Venezuelan member of the South American white oligo-aristocracy in power since colonial times.

Question & Answer.

A few days ago Nigel O. left the following comment:

"Okay, you say Post-Keynesians don't have a theory of price.

Why should anyone care about a theory of prices? Or a theory of value, for that matter?"