Lord Keynes — A Candid Admission from Hayek?

Hayek therefore seems to have conceded the need for monetarist or Keynesian interventions to prevent deflationary depressions: he renounced his earlier liquidationism.

But to return to the more interesting point: if Hayek’s ABCT never claimed to explain anything but “the upper turning point of the typical nineteenth-century business cycle,” then why did Hayek apply it to 20th century business cycles and the Great Depression?

Social Democracy For The 21St Century: A Post Keynesian Perspective
A Candid Admission from Hayek?Lord Keynes

David Glasner — Hawtrey v. Keynes on the Rate of Interest that Matters [wonkish]

Origins of monetary policy v. fiscal policy, and operation of monetary policy based on transmission, including expectations. Investigates "announcement effect" of the central bank in expectations.

Uneasy Money — Commentary on monetary policy in the spirit of R. G. Hawtrey
Hawtrey v. Keynes on the Rate of Interest that Matters [wonkish]
David Glasner
 | Economist at the Federal Trade Commission (US)