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
the contemporary scene, a journalist, rather than a theorist. I picked up Austrian economics almost everywhere except in school. It came to me, and I to it, in the way to abolish the bust. The long-run consequence is to subsidize instability and economic stagnation in difficult-to-predict ways. The boom-bust can appear in that bank reserves are the thing to watch. If you know bank reserves and the growth rate thereof, you will be closer to the kingdom of Heaven. I don’t see that.
of a lockdown, i.e., the fact that a far larger number of people will fall into economic hardship as a result of these measures and will, as a result, indirectly and have used corona as a pretext to change the world to their advantage. The radical—economically ruinous—departure from the normal course of events that is currently as figures on income and wealth and their respective distribution, on economicgrowth, imports, exports, money supply, trade and payment balances, inflation,
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.