In Defense of Fundamental Analysis: A Critique of the Efficient Market Hypothesis
From The Review of Austrian Economics Vol. 10, No. 2, 1997.
Philosophy and Methodology
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Statistical Malfeasance and Interpreting Economic Phenomena
It took seven decades, but most people now accept what Ludwig von Mises explained three quarters of a century ago, namely, that centrally directed socialistic economies cannot succeed in coordinating vast numbers of interrelated decisions, in large part because of the information problem arising from non-market forms of resource allocation (Mises 1920). No amount of input-out- put models generated on vast computers can overcome the problems of directing resources under changing conditions of wants and scar-city.
Pretence of Knowledge, The
Lecture to the memory of Alfred Nobel, December 11, 1974.
Slavery, Profitability, and the Market Process
The authors of Time on the Cross rewrote the history of antebellum slavery and ushered in the cliometric revolution.
Producer, Entrepreneur, and the Right to Property
What does it mean to say that a person is entitled to own what he has produced? Israel Kirzner answers the question by way of explaining the function of entrepreneurship.
What We Mean by Individualism
The canons of conservative orthodoxy, writes Adam Martin, overflow with aspersions cast on libertarians on the grounds that they are too individualistic.
