Macro Follies returns

The only movie that has ever been made from a book I wrote. The movie was put together by that genius, John Papola, producer of the greatest economic video ever, The Keynes-Hayek Rap. And as noted in the credits for Macro Follies, there I am found in truly stellar company:

Special Thanks to Russ Roberts, Steven Kates, Larry White, Steve Horwitz, James Adams and Steve Fritzinger

As for the book, if you are looking for a Christmas present, let me recommend my Free Market Economics which is the book from which the movie was made. It is the only economics book written in approximately the last 150 years that is built on classical economic principles. As it says at the Book Depository website

“In this thoroughly updated third edition of Free Market Economics, Steven Kates assesses economic principles based on classical economic theory. Rejecting mainstream Keynesian and neoclassical approaches even though they are thoroughly covered in the text, Kates instead looks at economics from the perspective of an entrepreneur making decisions in a world where the future is unknown, innovation is a continuous process and the future is being created before it can be understood. Key Features include: * analysis derived from the theories of pre-Keynesian classical economists, as this is the only source available today that explains the classical pre-Keynesian theory of the business cycle * a focus on the entrepreneur as the driving force in economic activity rather than on anonymous `forces’ as found in most economic theory today * introduces a powerful though simplified model to explain the difference between modern theory of recession and classical theory of the business cycle * great emphasis is placed on the consequences of decision making under uncertainty * offers an introductory understanding, accessible to the non-specialist reader. The aim of this book is to redirect the attention of economists and policy makers towards the economic theories that prevailed in earlier times. Their problems were little different from ours but their way of understanding the operation of an economy and dealing with those problems was completely different. Free Market Economics, Third Edition will help students and general readers understand classical economic theory, written by someone who believes that this now-discarded approach to economic thought was superior to what is found in most of our textbooks today.”

You can order a copy here. For anyone who wants to get a sense of how an economy works, and also why government intervention beyond a minimum creates harm, this is the place to go. Of course, you might instead decide to save your money and have an even better Christmas next year, but you might also instead just think of it as helping to build your own human capital, as well as helping you to contain your rage watching Malcolm and Co butcher economic policy before Bill and Co are allowed to take over who will do even worse.

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10 Responses to Macro Follies returns

  1. Malcolm

    let me recommend my Free Market Economics which is the book from which the movie was made.

    Geez, what narcissism. Kates this is not a blog to plug your crappy book.

  2. Oh come on

    Malcolm, you impudent little turd, you are not the person who determines what this blog is or is not. You are a guest here. Know your place and mind your manners.

  3. Malcolm

    Well, oh come on, I don’t think I’m exaggerating. If you do a google advanced search there are 2900 mentions of Steve Kates’ Free Market Economics on the catallaxyfiles website. If that’s not abusing this website to sell a commercial product I don’t know what is. It is absolutely appalling that Kates is abusing his blogging privileges in such a way. This is, and always has been, a blog about arguing a libertarian position. No other principal poster here – Sinc, Rafe etc – has sought to sell a book so blatantly.

  4. Empire GTHO Phase III

    If that’s not abusing this website to sell a commercial product I don’t know what is. It is absolutely appalling that Kates is abusing his blogging privileges in such a way. This is, and always has been, a blog about arguing a libertarian position. No other principal poster here – Sinc, Rafe etc – has sought to sell a book so blatantly.

    I’ll be ordering three copies this Christmas. Stocking filler for a leftard, Kris Kringle for SJWs. Kates’ shameless self promotion has resulted in my need being satisfied. The need to needle numpties.

    Free market economics. You should try it Malcolm. You’ll love it.

  5. Steve Kates

    Dear Empire GTHO Phase III or just Empire if I may be so familiar

    Thank you for your confidence and your approach to pressies at this time of year. It is not just for edification we pass these along but also to needle numpties as you put it, which this is I truly agree an ideal choice. And while I wouldn’t mention this to Malcolm since he disapproves of such a shameless abuse of my blogging rights, but tomorrow and the next day I will also be trying to flog my Economics for Infants and then after that The Art of the Impossible. Both of these are also designed not just to entertain those who are already onside, but as a suitable gift for those who are in need of enlightenment though still about a decade from understanding their desperate situation themselves.

    The best of the season to you who I can see perfectly understands the spirit of Christmas.

  6. mundi

    This video is amazing for libertarians:

  7. Oh come on

    Well, oh come on, I don’t think I’m exaggerating.

    Never said you were. My point was it is evident that Steve Kates is perfectly free to “plug” his book here. You don’t get to decide what this blog is for. That’s a decision for the owners.

  8. Empire GTHO Phase III

    The best of the season to you who I can see perfectly understands the spirit of Christmas.

    To you and yours too, Steve.

    May 2018 bring us greater freedom of exchange.

    If you haven’t read Wead’s Game of Thorns, treat yourself for Christmas.

  9. Empire GTHO Phase III

    The best of the season to you who I can see perfectly understands the spirit of Christmas.

    To you and yours too, Steve.

    May 2018 bring us greater freedom of exchange.

    If you haven’t read Wead’s Game of Thorns, treat yourself for Christmas.

  10. Rasputin

    Has anyone noticed that in Victoria we currently have economists moonlighting for the bureau of meteorology? They have obviously decided to sex up their apocalyptic predilections! In climate as in the economy we’ll all be rooned! Maybe they are trying to give mal the opportunity to look like a trump by walking on a puddle!

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