Robert Higgs
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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.
- "Is Macroeconomics Really Economics?," The Beacon (Independent Institute, 14 August 2014).
External links
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Categories:
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- Academics from the United States
- Economists from the United States
- Austrian School economists
- Historians from the United States
- Philosophers from the United States
- 1944 births
- Living people
- Anarcho-capitalists
- Libertarians from the United States
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- Non-fiction authors from the United States
- Educators from the United States
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