Phillip W. Magness

U.S. Economic & Political History

On Keynes and Eugenics

| April 25, 2017

My article with Sean J. Hernandez on the “Economic Eugenicism of John Maynard Keynes” is now available at SSRN. This article should be approached as a synthesis of the role that eugenics played across Keynes’ career and in the formation of his economic theories. It is also the proverbial tip of the iceberg as far […]

When Mises met Keynes

| June 5, 2016

On June 23, 1926 John Maynard Keynes delivered an unusual economics lecture at the University of Berlin. This event has gone almost completely unnoticed by Keynes’ principle biographers despite what would seem to be a historically significant product. A few months after the event, Keynes heavily edited the Berlin lecture into his well known essay, “The End of Laissez-Faire.” […]

Babies cause low wages and unemployment, Keynes Edition

| January 29, 2014

Earlier this week Paul Krugman ventured into the history of economic thought as part of his longstanding blog crusade against Austrian business cycle theory. The post presents Krugman’s own truncated synopsis of another anonymous blogger’s not particularly dispassionate summary of what an incomplete review of the secondary literature has to say on Ludwig von Mises’ early reactions to the […]