This article discusses the changes in Austrian economics stimulated by the Second Socialist Calculation Debate and suggests a direction for future research.
Dr. Salerno discusses his intellectual roots and scholarly work, as well as his funny adventures with Murray Rothbard.
The Economic Theory of Costs contains valuable criticism of the standard neoclassical approach and some original ideas on how to develop causal-realist economics in the Mengerian tradition.
Consumer reviews demonstrate one of the important ways that the market itself provides people with more important information in making purchasing decisions.
What is called economic progress is the effect of an accumulation of capital goods exceeding the increase in population.
Politicians and bureaucrats often fail to deliver what's promised because the very nature of government makes it impossible for them to succeed.
Why are there many firms in the world, and not just one, big mega-corporation? The answer lies in the problem of calculating costs and prices.
Behavioral economics claims it has shown that people behave irrationally — often make mistakes, and have problems with self-control. But is this really irrational behavior?
Market pricing and market distribution of goods are dynamic and responsive. Government-planning, however, is rigid, fixed, and cannot keep up with the real world.
One of the most important sociological laws is the "Iron Law of Oligarchy": every field of human endeavor, every kind of organization, will always be led by a relatively small elite.
