Robert Higgs

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Robert Higgs

Robert Higgs (born 1 February 1944) is an American economic historian and economist.

Quotes[edit]

  • The world probably would have been much better off had macroeconomics never been devised.  Although I have in mind Keynesian macroeconomics above all, I include other types of macro models as well.  I even include, somewhat reluctantly, the whole quantity theory approach descended from David Hume to the Friedmanites, now known as monetarism.  …  In short, among its many other deficiencies, as spelled out by Mises and his followers, monetarism’s most fundamental flaw is identical to the most fundamental flaw of Keynesian, Post-Keynesian, New Classical, and other theories advanced by macroeconomists during the past seventy or eighty years: not only does the theory leave out critical variables, but it is too simple, being expressed in huge, all-encompassing aggregates that conceal the real economic action taking place within the economic order.

External links[edit]

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