Mises Review 9, No. 3 (Fall 2003) A POVERTY OF REASON: SUSTAINABLE DEVELOPMENT AND ECONOMICGROWTH Wilfred Beckerman The Independent Institute, 2002, xiii + 94 pgs. Wilfred
CONSEQUENCES: THE IMPACT OF FACTOR ENDOWMENTS, CULTURE, AND POLITICS ON LONG-RUN ECONOMIC PERFORMANCE Deepak Lal MIT Press, 1998 x + 287 pgs. Deepak Lal, a question more exactly. He distinguishes between Smithian and Promethean economicgrowth. “For much of history, until the rolling Industrial Revolution allowed a
Up From Statism Mises Review 2, No. 3 (Fall 1996) Making Economic Sense Murray N. Rothbard Ludwig von Mises Institute, 1995, 439 pgs. Murray of the so-called Pareto criterion, taken as the sum and substance of welfare economics, in a comment on a proposal for population control: “A grotesque example of who wanted to trade hers in. “If we start from the original ZPG [Zero Population Growth] plan,” Rothbard comments, “and we introduce the Boulding plan, wouldn’t
A Masterful Treatise Mises Review 7, No. 3 (Fall 2001) CAPITALISM: A TREATISE ON ECONOMICS George Reisman Jameson Books, 1998, l + 1046 pgs. Professor Reisman run the economy; if so, one assumes, they determine at least some important economic magnitudes. Does he not then reject a principal thesis of the Austrians? We maintains that capitalist investment in the free market easily sustains continued growth. In particular, there is no long-term tendency for the rate of return to
Mises Review 13, No. 3 (Fall 2007) ARE THE RICH NECESSARY? GREAT ECONOMIC ARGUMENTS and HOW THEY REFLECT OUR PERSONAL VALUES Hunter Lewis Axios Press, retaining profits, the objection ignores a fact that we have already discussed. Growth in a free economy depends on savings and investment. In a growing economy, the
The Quantitative Delusion Mises Review 6, No. 3 (Fall 2000) ECONOMICS AND THE GOOD LIFE: ESSAYS ON POLITICAL ECONOMY Bertrand de Jouvenel Dennis must be swept away. Early modern writers thought that the poor blocked the growth of efficiency: hence they were dispensable. Contemporary intellectuals view clear view of this point, and for his penetrating criticism of applying welfare economic criteria to the state, de Jouvenel deserves the attention of everyone
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
which order has been preserved and trade promoted: “By creating order over a large economic space, empires have inevitably generated [Adam] Smithian intensive growth“ (p. 43). Applied to the present, Lal’s argument becomes this: International
Paul Krugman W.W. Norton, 2007, 296 pgs. Like him or not, Paul Krugman is an economic theorist of distinction, a winner of the John Bates Clark Medal, and often have come to dominate the Republican Party. The result has been disaster. Economicgrowth has slowed, and the benefits of the increase have gone almost entirely to the
the New York Review of Books and a fellow of the New School’s Schwartz Center for Economic Policy Analysis. Alas, Jeff Madrick is out of luck. His book rests on a in the post–World War II years that economic intervention did not impede economicgrowth? At most the statistical evidence shows that intervention was not immediately
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