Capital and Interest Theory
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Why Ignoring Time-Preference is the Fundamental Mistake of Central Bankers
Ignoring time preference is the fundamental error behind monetary planning. It is why in a successful economy, monetary intervention by the state is kept to a bare minimum, or preferably banished altogether.
Capital and Interest in the Austrian Tradition, Part 3 of 3
Bob reviews the contributions of Böhm-Bawerk, Fetter, and Mises, and explains interest from an Austrian approach.
Capital and Interest in the Austrian Tradition, Part 2 of 3
Bob continues his three-part series devoted to capital and interest theory in the tradition of the Austrian school.
The Making of Modern Civilization: Savings, Investment, and Economic Calculation
The fallacy that labor-saving machines create technological unemployment has not only been disproved by theory but also by the whole history of mankind.
Capital and Interest in the Austrian Tradition, Part 1 of 3
Bob begins his three-part series devoted to Capital and Interest Theory in the tradition of the Austrian School.
Capital is a Mystery to Alexandria Ocasio-Cortez
While Ocasio-Cortez has a degree in economics, she apparently never learned the lessons stressed by Hernando de Soto in his The Mystery of Capital.
