be booming. It’s not. On the measures which count when it comes to sustainable growth and real wealth creation, the trends are slipping backwards — not leaping in any familiar or meaningful sense; nor is it the product of organic market-based economicgrowth. Instead, it is “constructed GDP” which has been fabricated out of
spoke with Bond about his support for the Mises Institute and how Austrian economics has impacted the way he does business. THE AUSTRIAN : How did you first of the situation, and the Mises Institute as well as fellow travelers in Austrian economic circles seemed to be the only ones who had any truly developed (or at least gaining some momentum. It also put us in the mindset to remain careful in our growth strategy to be able to withstand a sudden downturn when it inevitably occurs
Donald Trump has announced his economic advisory team and unveiled a preliminary broad brush economic program that onerous taxes and regulations that are choking off capital accumulation and growth in labor productivity, but it is a movement in the right direction. More
and adjunct professor of strategy and management at the Norwegian School of Economics. His research focuses on the economics of entrepreneurship and business organization, with applications to innovation, regulation, and economicgrowth. Klein has authored or edited five books and has published over seventy-five
For many economists, economicgrowth is a mystery. By “economicgrowth,” Shawn Ritenour has principally in perceived to be scientific theorizing. Paul Samuelson (1952) embraced mathematical economics because he asserted that it was more precise and rigorous than verbal
for thousands of years, mankind had lived under Malthusian conditions. Population growth was constantly encroaching on the available means of subsistence. Every the second, ‘positive’ claim, it is contradicted by the entire body of Classical Economics. Classical Economics, reconstructed, refined, and further advanced during but contingent empirical events, and my studies then are not exercises in economic or libertarian theory. They will have to tell history as it really was and
aspect of deflation is probably that price deflation is not a general economic problem. Falling prices merely lead to redistribution. Sellers lose and century in many countries we observed falling prices caused by strong economicgrowth. In the book, I analyze in detail the United States from 1865 to 1896. During
that could have been better. The authors are leading defenders of “supply side” economics, which attracted much attention during the 1980s, when the “Laffer curve” movement is that high marginal income tax rates have a negative effect on economic productivity; when tax rates fall, the economy prospers, and when they rise, a disaster that did not fully end until after World War II. They say, “Economicgrowth in the 1920s—as the tax cuts at the top were prepared, implemented, and
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.