Kay and King have written an impressive and erudite book with several key areas of agreement with Austrians. Moreover, the authors help us better see the shortcomings of the Chicago School.
From the "lost decade" to today's conflicts with China, Japan's experience can help us understand much about geopolitics and political economy.
The author illustrate how Austrian ideas—value subjectivity, consumer sovereignty, capital allocation, entrepreneurship, etc.—can be useful “to practical management problems” in teaching and consulting.
Although right-wing political operatives latched on to cost-benefit analysis in the name of controlling regulation, the tool has, in many cases, promoted the expansion of state power.
Pascal Salin has written an important new book which shows how by its very nature, the tax state can never be a just state. When it taxes its citizens, it is willy-nilly arbitrary and tyrannical.
Nikolay Gertchev reviews Arkadiusz Sieron's effort to investigate the failure of expansionary monetary policy to address the challenges of the 2008–09 Great Recession.
The core mission of colleges and universities—teaching students—suffered as these institutions became politicized and luxurious resorts chasing athletic glory and questionable research.
China's central planning makes it remarkably inefficient. China is the world’s largest installer of wind power. Yet with twice the wind capacity as the US, the Chinese still produce less power.
Abstract: This article reviews the analytical justification, the theoretical content, and the practical experience of inflation ta
Abstract: This paper endeavors to develop a modern theoretical underpinning of Friedrich August von Hayek’s business-cycle theory
