lending disproportionately affected their ability to spur innovation and long-term economicgrowth. The outcome was thus the worst of all possible worlds: a national recession
a social creature appears secure yet. There are a number of factors geopolitical, economic, technological are responsible for the withering away of public, and in politics. Relative global stability matched by generally robust economicgrowth have, for the first time in a half-century, relieved the rising generation of
and more equitable health-care delivery. He takes the credit for a purported economic boom, and further promises to surpass all previous records in national demand came in 1993, just after Clinton was elected. In the meantime, the growth in government spending has slowed dramatically since the 1980s, a decade in
, who offers an Austrian perspective on these data (from the Spring 1999 Austrian Economic Newsletter ): AEN : What do you make of the Commerce Department’s data equity prices have made people seem wealthier. And there is a well-known rule in economics that people’s consumption and income depend not only on their income levels a grain of salt. If you change assumptions modestly--such as assumptions about the growth in future benefits--the numbers change dramatically. All these calculations
a political move by Chancellor Kohl, and implemented based on political instead of economic considerations. He arbitrarily fixed the exchange rate between the East and would have received higher wages in accordance with what they produced. Economicgrowth would have been very fast. All of this would have been possible with a massive
Georgia), Review of: The Great Depression: An International Disaster of Perverse Economic Policies by Thomas Hall and David Ferguson (University of Michigan Press, in 1937. This act also placed upward pressure on wages, thwarting employment growth even during a period of fiscal and monetary expansion. Then, in 1937, the
11, 1999 The Millennium: One Thousand Years of ... Ideas Best & the Brightest Economic thinkers who made a difference By KEMBA DUNHAM Behind every great thought Historian, social scientist, political activist Major contribution: Theories on economics and politics Khaldun’s major work espoused ideas that were decidedly lead to a more efficient division of labor and steer an economy toward faster growth. This doctrine contrasted sharply with mercantilism, in which controls on
a pure gold standard. Mundell is also noted for a general stance in behalf of economic freedom, and for that he deserves credit. But it is his work in the theory money supply. But this would aggravate inflation in A. So slower or zero monetary growth is indicated there. Or, best of all, a fall in the value of B’s currency, and
*Presentation prepared for the Mises Institute’s conference, “Austrian Economics and the Financial Markets,” Toronto, Canada, September 16-17, 1999. In 1978 gloomy prediction for the future of capitalism: “The most spectacular period of economicgrowth in our history is over,” they wrote, because “government is destroying two
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