Why Knight Was (Not) a Conservative Prophet

  • David Cowan
Part of the Great Thinkers in Economics book series (GTE)


The recession of 2008 was not just the bursting of an economic bubble; it was the bursting of the bubble of optimism, dating back to the 1980s, for what the economy can do for human society. It also brought Keynes and his policy ideas back into favour, an evolution Knight would no doubt question were he alive today, as noted in an earlier chapter, Knight had said of Keynes in 1950:


Political Liberalism Chicago School Liberal Society Classical Liberalism Economic Bubble 
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Copyright information

© The Editor(s) (if applicable) and The Author(s) 2016

Authors and Affiliations

  • David Cowan
    • 1
  1. 1.Boston CollegeBostonUSA

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