With the Pols

8 May 2012 at 2:52 pm 4 comments

| Peter Klein |

Two years ago I was in D.C. on Hayek-Klein day and found myself on an elevator with Ben Bernanke, upon which I persuaded him to sing me a few bars of Happy Birthday. True story. This year I was in D.C. again, this time to give an organizational economist’s perspective on the Federal Reserve System to the House Financial Services Committee’s Subcommittee on Domestic Monetary Policy and Technology. You can read my written testimony here and see the oral remarks at C-SPAN which has archived the event.

That’s Jeff Herbener to my right and John Taylor to my left, with Jamie Galbraith by Taylor. The one on the end is not Yoda, but Alice Rivlin.

Because the hearing was televised, I can truthfully say, “I’m not a macroeconomist, but I play one on TV.”

Entry filed under: - Klein -, Austrian Economics, Bailout / Financial Crisis, Classical Liberalism, Financial Markets, Institutions, Public Policy / Political Economy. Tags: .

Darden Entrepreneurship and Innovation Research Conference IT and Higher Ed

4 Comments Add your own

  • [...] is Peter Klein in Washington pretending to be a [...]

  • 2. David Hoopes  |  9 May 2012 at 11:10 am

    Great job. I think you presented the case quite well. I enjoyed reading it too.

  • 3. John L. Chapman  |  10 May 2012 at 9:49 am

    Awesome, Peter! Congrats! We need to talk asap about the PE paper btw …I have not touched it but am prepared to….!

  • 4. Peter Lewin  |  18 May 2012 at 6:41 pm

    Great job Peter! Herbener’s comments contained a number of fallacies, among which is that a fiduciary issuing bank has no incentive to limit its output of currency. Could it be that he has never read White or Selgin?

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Nicolai J. Foss and Peter G. Klein, Organizing Entrepreneurial Judgment: A New Approach to the Firm (Cambridge University Press, 2012).
Peter G. Klein and Micheal E. Sykuta, eds., The Elgar Companion to Transaction Cost Economics (Edward Elgar, 2010).
Peter G. Klein, The Capitalist and the Entrepreneur: Essays on Organizations and Markets (Mises Institute, 2010).
Richard N. Langlois, The Dynamics of Industrial Capitalism: Schumpeter, Chandler, and the New Economy (Routledge, 2007).
Nicolai J. Foss, Strategy, Economic Organization, and the Knowledge Economy: The Coordination of Firms and Resources (Oxford University Press, 2005).
Raghu Garud, Arun Kumaraswamy, and Richard N. Langlois, eds., Managing in the Modular Age: Architectures, Networks and Organizations (Blackwell, 2003).
Nicolai J. Foss and Peter G. Klein, eds., Entrepreneurship and the Firm: Austrian Perspectives on Economic Organization (Elgar, 2002).
Nicolai J. Foss and Volker Mahnke, eds., Competence, Governance, and Entrepreneurship: Advances in Economic Strategy Research (Oxford, 2000).
Nicolai J. Foss and Paul L. Robertson, eds., Resources, Technology, and Strategy: Explorations in the Resource-based Perspective (Routledge, 2000).

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