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Foreign Exchange

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The area of economics/finance in which I am most ignorant is foreign exchange. I got a copy of an economics book from the college where I teach part time, figuring I'd get the basics before attempting a book devoted only to that topic. The book Is Gwartney & Stroop, widely used. The first thing that catches my minds eye is an entire chapter devoted to Keynes, fawning over his brilliance. Knowing so little that I wouldn't recognize any Keynesian influence on their foreign exchange analyis, I decided to enter a plea here for some good referneces on the subject. THX!

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The area of economics/finance in which I am most ignorant is foreign exchange. I got a copy of an economics book from the college where I teach part time, figuring I'd get the basics before attempting a book devoted only to that topic. The book Is Gwartney & Stroop, widely used. The first thing that catches my minds eye is an entire chapter devoted to Keynes, fawning over his brilliance. Knowing so little that I wouldn't recognize any Keynesian influence on their foreign exchange analyis, I decided to enter a plea here for some good referneces on the subject. THX!

Do you want to know about Keynesianism in general, or as it relates to something specific?

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For the background and political motives and ideology of Keynes, and why and how he became influential through the Fabian Socialist Society in both England and America, see Martin, Fabian Freeway, Heritage Foundation, 1966 (or Fidelis, 1968), chapter 18, especially pgs 323-341. You can get a free pdf download from http://mises.org/books/Fabian_Freeway_Martin.pdf.

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For the background and political motives and ideology of Keynes, and why and how he became influential through the Fabian Socialist Society in both England and America, see Martin, Fabian Freeway, Heritage Foundation, 1966 (or Fidelis, 1968), chapter 18, especially pgs 323-341. You can get a free pdf download from http://mises.org/books/Fabian_Freeway_Martin.pdf.

I am having trouble using that link. Could you provide an alternative? Thank you.

By the way I looked up Rothbard's essay on Keyes. Whoooeeeee! Rothbard went after Keynes with a carving knife.

ruveyn

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There's an extra dot at the end of the supplied URL, delete it and reload.

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Sorry, in most programs the period at the end of a sentence is not included as an active character in a link.

It's also a large 41 MB pdf file so if you have a slow connection be patient.

Their list of download links is at http://mises.org/books/

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By the way I looked up Rothbard's essay on Keyes. Whoooeeeee! Rothbard went after Keynes with a carving knife.

Which essay is that? I don't remember it and don't know if I have it -- do you have a link to it?

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By the way I looked up Rothbard's essay on Keyes. Whoooeeeee! Rothbard went after Keynes with a carving knife.

Which essay is that? I don't remember it and don't know if I have it -- do you have a link to it?

You asked and I I deliver

http://www.lewrockwell.com/rothbard/rothbard208.html

Rothbard does grim things upon the persona of J.M.K. with the scalpels of his wit. Murray the Ripper?

I have always thought that J.M.K. was a very smart man (he was, as a matter of fact) and that he brought to light many of the darkish things about Isaac Newton that the world knew little of. J.M.K. bought Newton's unpublished MSS and translated some of the alchemical code embedded in the papers. He revealed that Newton was not the marble Isaac Newton, the very icon of reason. Nay. Newton was indeed a mystic and a god-phreak and he wrote four times as much on religion and alchemical mysteries as he did on physics and math. A remarkable unknown side.

I never have borne any hostile reaction to Keynes because I guess I did not know much about the man. As to his economic theories, one I am not an economist and two when it comes to the complex economics of industrial nations it is easier to have a wrong theory than a right theory. Since I am totally opaque to nuance and subtlety (a genetic defect of mine) I simply didn't catch it. If what Rothbard says is in fact the case than J.M.K. bore a deep hostility to the very culture in which I live and prosper.

Anyway, I am sure you will find this a very interesting essay on J.M.K. However you regard him, he was not a trivial man.

ruveyn

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Rothbard does grim things upon the persona of J.M.K. with the scalpels of his wit. Murray the Ripper?

ruveyn

Hello ruveyn

If find Keynes a polished charimatic fellow who empowered much socialism with an elite class.

I should think that Hayek, Hazlitt and Mises suffered greatly with his charisma amoung the elites in power. Hayek had the influence to challenge Keynesian fallacy but was too busy writing about roads.

However should Hayek do more damage to despotism with a single book than he could to quarrel with the polished Keynes.

Shall then Rothbard defend the Austrian tradition a little later where he systematically began to shred the socialistic premise offered by the inflationists, monetorists, friedmanites and the keynesians.

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