Tuesday, June 25, 2013

Apparently this reasoning, which Landsburg got from Rothbard, originally came from Hazlitt...

Posted by dkuehn at 3:43 PM
...giving me yet another reason to never, ever, waste any of my precious time on this Earth reading Hazlitt.

Citation provided here.

3 comments:

  1. AnonymousJune 25, 2013 at 4:41 PM

    This is the "proof" I remember from Kahn. What did he and Keynes actually use to explain the multiplier?

    ReplyDelete
  2. CurrentJune 25, 2013 at 5:36 PM

    When giving this example Hazlitt writes in a footnote: "I am indebted for this illustration to a forthcoming book by Murray N.Rothbard." (p.151 "Failure of the New Economics").

    ;)

    ReplyDelete
  3. SandwichmanJune 26, 2013 at 1:16 PM

    And Hazlitt was basically a dumbed down rehash of Bastiat.

    ReplyDelete

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