Capital and Interest Theory

Why do economists disagree on how to handle downturns? Chris Westley explains that some believe the market works and others do not.

The Austrian concept of capital envisions not a great blob, but complex orders of goods interlocked in complementary structures, writes Gene Callahan.

Are economic downturns caused by falling demand? No, this is only a symptom of a structural problem, says Frank Shostak.

Medical Savings Accounts promised market incentives in health insurance. Congress didn't renew them, but Dale Steinreich argues they weren't so great anyway.

If the economy is slowing, argue some economists, the Fed should lower rates and flood the market with credit. Gene Callahan disagrees.

As usual, the rich are taking a beating this election season. But Lew Rockwell argues that they are the foundation of prosperity and a most precious asset.

Releasing the government's stored oil may have political effects, which has always been the point, says Thomas DiLorenzo. 

Are American workers becoming more productive? The data used to measure productivity are unreliable.

Email is supplanting regular mail and the Postal Service is fighting for its life--at its customers' and competitors' expense.

The New Scientist tries its hand at economic theory, and makes an awful mess of it. Callahan and Murphy explain where the piece goes wrong.