The yearly rate of growth of personal consumer outlays jumped from 2.5 percent in August last year to assign a very low likelihood of the Fed tightening its stance soon. But why should economicgrowth be positively associated with a general increase in prices of goods
just finished the first draft of a paper exploring some of the factors influencing economicgrowth in poor countries. I put together a sample of 37 countries that were at the
of us who believe that governments continue to grow relentlessly, at least in the economically advanced countries, have been criticized by analysts who claim that in fact the growth of government has petered out or slowed substantially. The latter group (p. 3). Now, the first thing to notice is that a surefire way to make nearly any economic magnitude appear small is to divide it by GDP, because the latter, which
only 54,000 in May — well below market expectations for a 165,000 increase. The growth momentum of employment fell last month. Year-on-year, 870,000 jobs were from 9 percent in the month before. But is lowering unemployment the key to economicgrowth? If this really is the case, then changes in unemployment are an
Times recently ran an “analysis” article entitled, “ Debt Problem’s Sure Cure: EconomicGrowth .” This is something that falls into the category of “Gee, why didn’t I think
[Robert Lawson’s online course Economic Freedom Around the World begins October 18.] The key ingredients of economic areas. Economic freedom leads to more investment, higher per capita incomes, and growth rates. Dozens of studies have investigated the relationship between economic
debt implosion, there have also been many ill-conceived ones. It is often faulty economic theory that leads to faulty conclusions. This article revisits economic The recognition that overspending had occurred was brought about by reduced economicgrowth and the subsequent reduced tax revenues, which were less than the amount
The Nobel Prize in Economics is considered the ultimate consecration that an economist could receive valid. Hence, one should not be reluctant to re-examine an institution such as the Economic Nobel Prize. This precisely is the goal of the present article. This was not essential, i.e. statistically significant, for productivity increases and growth. This is in direct contradiction with the 1987 Prize to Solow, equally
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.