New EH.Net book review by Bob Higgs: Vernon W. Ruttan, Is War Necessary for EconomicGrowth? Military Procurement and Technology Development. New York: Oxford University
Sell, “The Direct and Indirect Effects of Small Business Administration Lending on Growth: Evidence from U.S. County-Level Data” (ungated version here ). “We find clients may not be the most worthy recipients (in terms of generating economicgrowth). The results are largely robust and, perhaps more importantly, we
news. Some Austrians were hoping for William Baumol and Israel Kirzner for the economics of entrepreneurship, but the committee went with a safer choice and list for the last several years and his work is important and influential for economicgrowth and development, poverty and health, and related areas. I can’t help poking a
from Art Diamond’s EH.Net review of Joseph A. Schumpeter: A Theory of Social and Economic Evolution by Esben Sloth Andersen, caught my eye. Since Schumpeter was the flow. So Schumpeter sincerely believed that the development of an equilibrium economics based on Walras was a necessary complement to the evolutionary economics
Volume 15, Number 2 (Winter 1995) Peter G. Klein, an emerging star in the economics profession, is doing pioneering work squarely within the Austrian school. A friend gave me Mises’s Anticapitalistic Mentality . I had no well-formed economic views, but I was instinctively pro-market. This book impressed me. By the directing cash flow in and around the enterprise, taking resources out of low-growth divisions and shifting them into high-growth divisions. Now, why should any of
, an online course, from July 5 through August 22.] The Austrian School of economics — the causal-realist, marginalist, subjectivist tradition established by modes of analysis, particularly as they apply to everyday, pedestrian, ordinary economic problems. These are the basic problems of price theory, capital theory, the implications of capital heterogeneity for the theory of production, economicgrowth, and the business cycle. The book is not focused primarily on metatheoretic
The 2019 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel – colloquially known as the Nobel Prize in Economics – has gone to Abhijit Banerjee, Esther Duflo and Michael Kremer “for their to code – and how to conduct a RCT. Within the mainstream literature on economicgrowth, the randomistas have their critics, such as William Easterly or fellow Nobel
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
theory of the firm was taking shape in the 1970s, another important movement in economics was emerging: a revival of the “Austrian” tradition in economic theory associated with such economists as Ludwig von Mises and F. A. Hayek the emerging Austrian literature on the theory of the firm. We expect this to be a growth area in the years to come. Nicolai J. Foss and Peter G. Klein, “Austrian
The 2018 Nobel Prize in economics has gone to Yale’s William Nordhaus for work in environmental economics and NYU’s Paul Romer for work on economicgrowth. Both have long been considered front-runners for the award (Romer was
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.