Friday, May 8, 2009

"Hayek or Keynes. All else is footnote. "

--Mario Rizzo writes in a tribute to Hayek on the occasion of Hayek's birthday.

More from Rizzo:

It is a testament to the importance of Hayek that he and John Maynard Keynes have been the two great economists most invoked in contemporary efforts to understand our current financial and economic problems. In all of this, the monetarists unfortunately seem to have been sidelined. I suggest that this is because Hayek and Keynes represent the fundamental economic and philosophical challenges to each other. The question today is as it was in the thirties: Hayek or Keynes. All else is footnote.

Rizzo's full personal appreciation of Hayek is here.

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