Hi everyone, today we’d like to recommend a great 30 min talk Axel Leijonhufvud gave at INET’s 2012 “Paradigm Lost” Conference in Berlin (thanks to Charlotte Bruun for reminding us of his work!). The way he describes the 2 forms of instability the web of contracts at the heart of western civilization (which is based… Continue reading Instabilities in the Web of Contracts: Deflation, Inflation and Anacyclosis
Academy for New European Political economics