I don’t think I’ve pushed this before, but “ Master Resource ,” a new free market energy blog, is in full swing. Not everyone posting there is necessarily an Austrian (though some of us are), but everybody is definitely aware of the problems of government intervention. More important, the posters really know what they are talking about. In
As many readers here probably already know, Chicago economist John Cochrane wrote a blistering reply to Paul Krugman’s NYT Magazine piece on what’s wrong with the economics profession. When I read Cochrane’s piece, I was dismayed because many of his arguments to defend himself against Krugman’s attacks would just as well “prove” that the Austrian
Mario Rizzo has an interesting take on Robert Lucas’ recent essay on prediction of business cycles. Lucas’ post is quite an odd defense of the mainstream economics gurus who were caught flat-footed. Here are some good excerpts: One thing we are not going to have, now or ever, is a set of models that forecasts sudden falls in the value of financial
Prashanth Perumal insisted that I comment on this Krugman blog post from January. The reason I didn’t comment on it at the time was that my views here are rather nuanced. It’s one of those tricky situations where I agree with Krugman that his opponents are wrong, but I deny that Krugman is therefore right. In other words, Krugman’s enemies–Eugene
At my blog Free Advice , a Marine reservist who spent time in Iraq describes a post-Saddam village that is on the borderline between a very limited government and a real-world example of anarcho-capitalism. Basically, in the comments the readers who are anarchists think it is an example of anarchy, while those who say “anarchy is unstable”
On Friday the House is expected to vote on the Waxman-Markey climate change and energy bill, which contains an aggressive cap-and-trade program. Critics have pointed out that it could impose serious harms on the U.S. economy with little environmental benefit. The CBO entered the fray [.pdf] recently and announced that by 2020, the annual cost to
I have been out of academia and working for think tanks for a while now, and so I may have a better ear for the changing climate than those of you still grading papers. “Real people” are a lot more receptive to thinking hard about economic issues lately, for obvious reasons. To give a concrete example, the op ed below (sorry for self-promo)
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.