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Frank Shostak

Works Published inQuarterly Journal of Austrian Economics

Frank Shostak is an adjunct scholar of the Mises Institute and a frequent contributor to Mises.org. His consulting firm, Applied Austrian School Economics, provides in-depth assessments and reports of financial markets and global economies.

Should Economics Emulate Natural Sciences?

Mises DailyDecember 16, 2014
The laws of physics can never be absolutely established. For some other law may prove more elegant or capable of explaining a wider range of facts. Hypotheses must be constantly tested. Economics is not like this.

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Does Europe Have Demand Deficiency Syndrome?

Mises DailyDecember 5, 2014
Many economists still believe that wealth can be created by simply convincing people to buy more stuff through loose monetary policy. What is really needed, though, is wealth creation, and then there is never a shortage of demand.

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Diversity in Goals Brings Diversity in Value

Audio/VideoNovember 24, 2014
Every person has different goals for himself, which means everyone will value differently the means to attain those ends. No central planner can know these goals and values, writes Frank Shostak. This audio Mises Daily is narrated by Dianna Keiler.

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Diversity in Goals Brings Diversity in Value

Mises DailyNovember 24, 2014
Every person has different goals for himself, which means everyone will value differently the means to attain those ends. No central planner can know these goals and values.

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How Macroeconomic Data Encourages Government Intervention

Audio/VideoNovember 10, 2014
Entrepreneurs need very specific information about their products, markets, customers, and profits. Government macroeconomic data, however, does nothing to assist entrepreneurs to obtain this important information, but only helps justify economic intervention, writes Frank Shostak. This audio Mises...

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