Sheldon Richman on Why F.A. Hayek Has Modern Critics Running Scared


Economics and business reporter David Warsh is getting much attention for suggesting that F. A. Hayek, far from being one of the two most prominent economists of the 1930s—the other being John Maynard Keynes—actually "just didn't contribute very much to the development of technical economics." Sheldon Richman surveys the economic literature and explains why Warsh is dead wrong.