Dangers of the one-good model: Böhm-Bawerk’s critique of the “naïve productivity theory of interest”
Only in a model with multiple goods can one fully appreciate the "Austrian" approach to capital and interest theory.
Monetary Theory
Displaying 931 - 940 of 1162
Why Money Supply Matters
For governments in general and the US government in particular, Ludwig von Mises had a policy recommendation: do not increase the stock of money any further.
The Ascension of Bernanke Into the Clouds
How glorious and wonderful is the appointment of Ben Bernanke? Frank Shostak says not at all, because his theory is wrong.
Investing in the World of Dr. Mabuse
How do we measure 'profits,' asks Sean Corrigan, when the vast quantities of money and credit are being poured into our domestic economy?
Recycling: What a Waste!
Jim Fedako explains that if recycling were really efficient and not wasteful, people would not have to be browbeaten to do it.
Real Bills Raises its Ugly Head, Again and Again
“I know no time which is lost more thoroughly than that devoted to arguing on matters of fact with a disputant who has no facts, but only ver
Indonesia’s Energy Policy: A Lesson in Failure
Disruption, high prices, and dislocations of all sorts have led to call for a new "energy policy." Let us consider the case of Indonesia, writes K.Y. Leong, which has an energy policy of an unusual sort.
Stable Money: Myth and Reality
Index targeting is widely viewed as a state-of-the-art concept, writes Thorstein Polleit. But in Mises's view, the very idea of measuring price levels toward stabilization is theoretically untenable and politically dangerous.
