Now available from the Mises Institute and Transaction Periodicals Consortium: The Quarterly Journal of Austrian Economics Volume 1, Number 3 Fall 1998 ARTICLES Hayek’s Money Economy: The Dynamics of Competitive Equilibrium and Socio-Economic Order by G. R. Steele (Lancaster University, UK) Are Markets Like Language? by Leland B. Yeager (Auburn
Here is a news piece from Investor’s Business Daily (Nov. 23, 1998) dealing squarely with one of the most interesting monetary issues of the day. The author quotes some well-known Austrian economists to help sort it all out. Are the vast amounts of U.S. currency held overseas a threat to the U.S. economy? Whether for spending or saving, most
“Good corporate citizenship” is a familiar song that has topped the charts for far too long. Every two decades, it comes back with a slight variation, finding wild popularity. The new version arrived in the mid-Eighties with suggestive lines about corporate behavior. The traditional corporate enterprise, it sings, should modify its goals not only
The Free Market 16, no.2 (February 1998) It’s time to start thinking of the stock market as a giant S&L. Money continues to pour in, despite a bounty of evidence that the extraordinary gains of the last few years cannot be enjoyed in the near future. The perception has never been stronger that the stock market is the right place to be for your
Investor’s Business Daily September 3, 1998 Perspective “Dollar Contrarians” The Federal Reserve says that more than half of all U.S. currency is now held overseas. The dollar has now become the currency of choice for much of the world. And it has replaced gold as the global financial standard. That has some economists worried. “What happens if
Confusion reigned this week as the IMF, the World Bank, the Fed, and the White House tried to cobble together some way of dealing with the global financial meltdown. Treasury secretary Robert Rubin was reduced to paraphrasing Rodney King: can’t we all just get along? Some convergence does seem to be in the offing, however, which is bad news for
The political left loves to prattle about the plight of the poor, but their darlings are increasingly culled from a small club of the world’s richest men. Last year it was media mogul Ted Turner who won leftist affections by advocating population control and bailing out the United Nations. This year, it is George Soros, the billionaire hedge-fund
Comedian Steve Martin once did a standup act in which he asked the audience in an incredulous tone, “You mean, you don’t remember when we had nuclear war and the earth was wiped out?” The audience would laugh, as expected, since the entire idea was ridiculous. While Steve Martin isn’t writing columns about the current global financial dealings, he
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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.
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