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Benjamin Powell

Tags Global EconomyCalculation and KnowledgeInterventionismPolitical Theory

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Benjamin Powell is the Director of the Free Market Institute at Texas Tech University and a Professor of Economics in the Rawls College of Business. 

Sweatshops: A Way Out of Poverty

JournalsSeptember 7, 2014
These so-called sweatshops are part of the development process that leads to better conditions. Austrian economic theory teaches that people choose purposively to improve their situation.

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Explaining Japan's Recession

Journals
Japan has experienced an Austrian business cycle. The initial boom was created by a central bank–induced monetary expansion. Because of repeated interventions, the economy has not recovered...

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Sweatshops: A Way Out of Poverty

Mises DailyMarch 20, 2014
Third world sweatshops benefit workers much the way factories in Great Britain and the US did during the Industrial Revolution.

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The Misesian Sights: An Austrian Visits Vienna

Mises DailyAugust 25, 2006
I hope this guide is helpful to the next Misesian on a boondoggle to Austria if their inner nerd takes over and pulls them away from the main sights and cafes of Vienna.

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Monopoly: Parker Brothers Gets It Wrong

JournalsJune 1, 2004
In the game Monopoly, owners of land and houses and hotels, through acquiring their possessions by luck, are flattered into believing they are masters of the universe, extracting profits from anyone who passes their way. There is no consumer choice and no consumer sovereignty. This is not a small...

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