Peter Lewin

plewin@utdallas.edu

Related Freeman Articles

Ideas and Consequences

Recycling Discredited Ideas

APRIL 01, 2009 by PETER LEWIN

The current financial crisis has fueled a frenzied recycling of discredited Keynesian ideas. We are hearing again of the need for "public works," of the need to "stimulate" the economy. The Federal Reserve is frantically inflating the supply of money. We are laying the groundwork for a disaster reminiscent of the 1970s--if not worse.

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Peter Lewin on Human Action

AUGUST 23, 2009 by PETER LEWIN

CURRENT ISSUE

December 2014

Unfortunately, educating people about phenomena that are counterintuitive, not-so-easy to remember, and suggest our individual lack of human control (for starters) can seem like an uphill battle in the war of ideas. So we sally forth into a kind of wilderness, an economic fairyland. We are myth busters in a world where people crave myths more than reality. Why do they so readily embrace untruth? Primarily because the immediate costs of doing so are so low and the psychic benefits are so high.
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