Austerity: When It Works and When It Doesn’t by Alberto Alesina, Carlo Favero, and Francesco Giavazzi Princeton: Princeton University Press, 2019, xvi + 245 pp. Mark Thornton (mthornton@mises.org) is Senior Fellow at the Mises Institute and Book Review Editor at the QJAE. Quarterly Journal of Austrian Economics 22, no. 1 (Spring 2019), for full
Volume 3, No. 3 (Fall 2000) The conventional wisdom proposition suggested by Galbraith that there is endemic instability in a market-based economy that can be remedied only by government policy interventions is inappropriate. Also, it is clear that Mises’s vision of the nature of the macroeconomy is substantiated by our findings. The
Volume 4, No. 1 (Spring 2001) We must all be grateful to Professors Walter J. Blum and Harry J. Kalven , Jr . for providing in a brief space a cogent review and critique of the various arguments for progressive taxation, together with an extensive and valuable bibliography of the varying points of view. We must also be grateful to discover
Volume 13, Number 1 (Spring 2010) ABSTRACT: While corporate income taxation is a major issue in the debate over international finance, economic theory has no clear stance on who bears its burden. On balance, economists seem still more prone to accept that taxing profits does not affect corporations’ outcomes. This paper makes three cases for
Quarterly Journal of Austrian Economics 19, no. 1 (Spring 2016): 85–100 This book tells its readers a great deal about the inner workings of mainstream economics, particularly behavioral economics. This review details just how far the profession has drifted from reality. My general impression is that the authors are simply putting forth their
Abstract: The purpose of the paper is to apply Fraser’s methodology from the Economic Freedom of North America report to Brazilian data. government size, tax and labor market indicators vary among subnational entities. Following Friedrich A. Hayek’s tribute on the occasion the 70th birthday of Ludwig von Mises, the importance of an index for
Austerity: When It Works and When It Doesn’t de Alberto Alesina, Carlo Favero y Francesco Giavazzi Princeton: Princeton University Press , 2019, xvi + 245 pp. Mark Thornton (mthornton@mises.org) es catedrático emérito del Instituto Mises y Editor de Revisión de Libros de la QJAE. Quarterly Journal of Austrian Economics 22, no. 1 (primavera de
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.