http://www.capitalismmagazine.com/economics/6617-economic-ideas-and-their-consequences.html14 October 2011 Northrup Buechner
The solution to our current economic mess is not some new state measure dreamed up by economists.
The public standing of economics and economists has been declining for some time. In the 1960s and 1970s, economists were seen, and they saw themselves, as the saviors of the economy. They talked of “fine-tuning” the economy, of changing government spending and taxes up and down (this was called fiscal policy) to keep the economy at full employment without inflation. But in the following years, unemployment and inflation grew together.
This is what my book -- Objective Economics -- is about: How the economy works when there is zero government intervention—when the government does nothing but keep the peace. What I show is the functioning of laissez faire capitalism—that it works and how it works, when everyone, every single person, is pursuing his own self-interest and doing the best he can for his life and those he loves.
Ken-G. Johansen.