Calculation and Knowledge

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The Quarterly Journal of Austrian Economics 19, no. 1 (Spring 2016)

Calculation and KnowledgeGold StandardMonetary Theory

Blog06/17/2016Joseph T. Salerno

This new issue features important contributions to monetary theory and policy, a novel program for re-establishing gold money, and much more.

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FBI: US Homicide Rate at 51-Year Low

Media and CultureCalculation and KnowledgeInterventionism

Blog06/15/2016Ryan McMaken

The American public is "unaware" that the homicide rate in the United States has fallen by 49 percent over the past twenty years.

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USDA: People Make the Choice to Eat Unhealthy Food

U.S. EconomyCalculation and KnowledgeSubjectivism

Blog06/13/2016Ryan McMaken

Evidence continues to pile up against the claim that low-incomes cause obesity thanks to insufficient access to grocery stores.

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The Poverty of GDP

Global EconomyCalculation and KnowledgeValue and Exchange

Blog05/14/2016Carmen Elena Dorobăț

The choice between various ways of ‘measuring’ economic variations (and gauging their causes from these measurements) is arbitrary from an economic point of view, and becomes a largely political endeavor.

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Why Socialism Will Always Fail

Calculation and KnowledgeProduction TheoryValue and Exchange

Blog04/27/2016Ludwig von Mises

The paradox of "planning" is that it cannot plan, because of the absence of economic calculation.

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Statistics: Achilles' Heel of Government

Big GovernmentCalculation and Knowledge

Blog03/28/2016Murray N. Rothbard

Statistics, so vital to statism, its namesake, is also the State's Achilles' heel.

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A Better Approach To Terrorism

Big GovernmentCalculation and KnowledgePrivate Property

Blog03/22/2016Jeff Deist

If allowing markets to operate represents an "ideology" to most people, so be it. I would argue that markets represent a lack of ideology. More importantly, markets provide far and away the most practical approaches to difficult problems like terrorism.

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The Fed Can Do Real Damage Without Even Trying

Booms and BustsThe FedBusiness CyclesCalculation and Knowledge

Blog12/17/2015Jonathan Newman

Whatever the Fed imagines they can control and whatever their real intentions are, a central authority cannot optimally set prices that are in line with people’s preferences. This is especially important for interest rates, which have far-reaching influence...