Monetary Theory
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The Alleged Absence of Depressions under Totalitarianism
Where there is no business at all, business can be neither good nor bad. There may be starvation, and famine, but no depression in the sense in which this term is used in dealing with the problems of a market economy.
The Velocity of Circulation
Increased velocity of circulation is not, in itself, a contributing cause of higher commodity prices. It is not even a link in the chain of causation.
The Menger-Mises Theory of the Origin of Money — Conjecture or Economic Law?
Is the standard Austrian theory of the origin of money "conjectural history"? Kristoffer Hansen's response to Gary North's counter-interpretation of the theory of the origin of money.
Jeffersonian or Hamiltonian?
Unlike Hamilton, Jefferson did not believe that state coercion should be used to re-shape and control society and markets.
Lara and Murphy Discuss IBC and the Business Owner
Bob Murphy and Carlos Lara discuss the yield curve from an Austrian perspective.
Classical Economics vs. The Exploitation Theory
Not only is capitalism not a system of the exploitation of labor, but the real system of the exploitation of labor is socialism.
