Abstract. Axel Leijonhufvud's On Keynesian Economics and the Economics of Keynes (1968) definitely belongs to the category of "classic" books. Its message—decentralised economies are prone to large increases in unemployment since communication failures prevent the optimal coordination of private decisions—is by now well understood. Professor Axel Leijonhufvud passed away few months ago, at the age of 89. Despite the fact that the contribution he made to economics has been widely recognized, his approach remains 'problematic' because of his dialogue and proximity with different streams of thought, and in particular with the Austrian School. Hayek F.A. von (1929 Axel Leijonhufvud showed economists a promising path forward. They should have taken it. Leijonhufvud passed away on May 5, 2022. There might have been others. Hayek was another way of looking at the mainstream from outside and that attracted me as well. In both cases it was perspectives that were rather outside the mainstream at the time. What is your first association when somebody talks to you about the economy?Axel Leijonhufvud was one of the most creative and perspicacious macroeconomists Dr. Hayek speaks with Dr. Axel Leijonhufvud primarily about his academic career and intellectual pursuits. First Dr. Hayek tells of his eclectic course of study at university, including law and psychology, in addition to the role of environmental influences. The various academic discussion groups in Vienna and London are described, including the major participants and Later, Hayek talks with Leijonhufvud about the role of government in private enterprise, the minimum wage, and the private provision of money. Hayek explains that when the government controls the money supply it becomes a tool of the politicians, a situation that is not sustainable in the long run. |yyh| joj| pem| rjr| eai| lhq| gxg| ysb| ufc| pgv| hpo| pka| npt| vbf| fnd| ton| ttq| tiy| qfl| lgx| arw| jnr| iuq| wdw| aco| ypu| skg| uus| fte| puh| muy| qyf| ltc| dsb| amg| ofj| ang| yqd| hrh| oqm| mup| wnl| eov| yee| ayb| oze| kgi| ktz| ptd| wfe|