- Protecting Individual Privacy in the Struggle Against Terrorists: A Framework for Program Assessment, National Academies Press (2008)
- Nicholas Kaldor, The Scourge of Monetarism, Second Edition, Oxford University Press (1986)
The second book is Nicholas Kaldor's demonstration that monetarism does not work. On this blog, Kaldor should need no introduction.
Both books are in a freely readable on-line format that I find annoying. I suppose the format of the free version of the first is a business decision to encourage the purchase of the PDF version. And I blame copyright law for the format of the second.
Kaldor's book is essential reading. He was originally a follower of von Hayek, then became one of the first Keynesians.
ReplyDeleteHe critiqued von Hayek's business cycle theory, forcing him to utterly rewrite it. Then he critiqued the new version, so ensuring that the "Austrian" theory was quickly forgotten.
Unsurprisingly, when it came to non-Nobel prize for economics they handed one to von Hayek for his work on the business cycle...
Kaldor's critiques of neo-classical assumptions are worth reading (The Essential Kaldor is, well, essential!), not to mention his critiques of Monetarism -- and (surprise!) the state could not control the money supply after all!
So, well worth reading.
Iain
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