Mises Review 1, No. 2 (Summer 1995) AN AUSTRIAN PERSPECTIVE ON THE HISTORY OF ECONOMIC THOUGHT, VOLS I & II Murray N. Rothbard Edward Elgar, 1995, xvi + 556 pp. nothing wrong with consumption. This difference led to a crucial split in the growth of economics, between utility and cost-of-production theories of price. I fear
honest examination of the treaty finds that Nafta liberalizes trade and generates economicgrowth in all participating countries.” If we don’t pass Nafta, wrote Delal Baer of
cut (show us!). But overall spending is still the best way to measure government growth. If it continues to climb, we’ve got a problem. The programs the Republicans on talk radio. It’s forever in D.C. A slight recession would blow up the plan’s economic assumptions, which rely on the “Rosy Scenario” of yesteryear: that interest
Orange County had a Federal Reserve, its powerful treasurer could have fueled the growth of county government until the next millennium. That’s nothing to brag about. purchases, and outright purchase of Treasury securities. Much of our country’s economic and cultural decline dates from 1972, and the Fed is a primary cause. A 1972
including stocks and bonds, while an increase in private savings allows steady economicgrowth. The Clinton administration, of course, chose a political solution: it pushed
impalpable goal. Given this principle, Roemer’s pining for the glorious days of economicgrowth under Comrade Stalin becomes understandable (p. 43). And just why should
America, and Africa can do so as well? Brimelow thinks not: he fears that the growth of racial enclaves will polarize the United States into what an earlier writer position, to use Derek Parfit’s term in his Reasons and Persons . But what of the economic advantages of immigration? Does not free movement across borders promote the
why hasn’t President Clinton received the credit among the public for our glorious economic recovery? Hence the Clintonian conclusion that the resounding Democratic quantitative data and their statistical manipulations demonstrate that economicgrowth is lively, that the economy is doing splendidly, that inflation is over, and
revolution.” Developments in science and technology, along with the attendant growth of large corporations, have in the 20th century made old-fashioned capitalism, who, he shows, are not allies of the Right, but its enemies. Those whose economics has been shaped by the Austrian School will not look with complete favor on thesis of managerial dominance, if so inclined, while remaining true to Austrian economics. To do this, all one need do is drop the assumption that technological
and everyone’s calling on the Fed to do something—anything!—to prevent another economic slump. But while the Fed has mastered the art of messing up the economy, it It raises and lowers interest rates, “fine tunes” the economy, ensures “optimal growth,” prevents inflation, brings about “soft landings,” and “cools off” production
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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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