Shawn Ritenour reviews Randall Holcombe’s new Austrian econ textbook Advanced Introduction to the Austrian School of Economics in Libertarian Papers. ( I interviewed Dr. Holcombe about the book in The Free Market .) Ritenour writes : RANDALL G. HOLCOMBE has provided an excellent service to the economics profession with his Advanced
Volume 18, Number 1 (Spring 2015) ABSTRACT: This paper examines Roger W. Garrison’s interpretation of John Maynard Keynes. Garrison has given economists a useful way to illustrate Keynes’s theory, but there are two fundamental problems with Garrison’s interpretation. First, the shape of the Hayekian triangle cannot be fixed in Keynes’s theory.
GDP purports to measure economic activity while largely divorcing itself from the quality, profitability, depth, breadth, improvement, advancement, and rationalization of goods and services provided. For example, even if a ship — built at great expense — cruised without passengers, fished without success, or ferried without cargo; it nevertheless
Hillary Clinton’s latest campaign salvo attacked “ quarterly capitalism ,” the supposedly irresponsible corporate focus on short-term results at the expense of long-term growth. She promised government fixes. Short-Termism, Share Prices, and Incentives Is there too much short-termism in business firms? To answer this, let’s look at participants’
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.