Compare these two paparagraphs---the first from todays WSJ and the second from my review of Bob Woodward’s Maestro : Mr. Greenspan has often reached outside economics to hone his insights, at times drawing on history, physics, Mozart and even Sherlock Holmes creator Arthur Conan Doyle for inspiration. In 1999, he tackled a key economic mystery
Here’s an interesting excerpt from an interview with David Card by the Minneapolis Fed’s Region (December 2006). Is Card making the Austrian point that the perfectly competitive model (a.k.a. the simple supply and demand model) does not explain what actually goes on in labor markets? Has the infamous Card and Krueger really been misinterpreted?
Michael Pollaro says: “A $2.5 trillion deficit will create quite a waterfall on this graph, don’t you think?” Here is the waterfall-deficit graph (with an attitude). I created it when the projected red ink was “only” $1.6 trillion, after which Obama was to cut it in half by the end of his first term.
[Esta reseña de Rothbard America’s Great Depression fue publicada originalmente por la Fundación para la Educación Económica]. Puede que no sea convencional reseñar la quinta edición de un libro que aparece varios años después del fallecimiento de su autor. Pero America’s Great Depression no es un libro convencional. Está escrito con brío y
[Publicado originalmente como ”The Trouble with Keynes”, en The Freeman , Octubre de 1993 ] La economía de John Maynard Keynes, tal y como se ha enseñado a los alumnos universitarios durante las últimas décadas está ahora mismo muerta en la teoría, pero no en la práctica. El libro de Keynes de 1936, la Teoría general del empleo, el interés y el
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.