How Far Will We Fall?
What ultimately matters for the well-being of society is the degree to which our wants are satisfied, and therefore the actual usefulness of goods.
Production Theory
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The Role Played by Unemployed Factors of Production in the First Stages of the Boom
The belief of the advocates of credit expansion and inflation that abstention from further credit expansion and inflation would perpetuate the depression is utterly false.
The Grandiose Failure of François du Noyer
If monopoly companies for specific products or specific areas of trade were good, reasoned François du Noyer, sieur de Saint-Martin, why not go one
The Greek Plague: Sticky Wages
"Refusing to accept wage reductions, workers must accept unemployment."
Defending the Rate Buster
"Because of rate busting, society as a whole will move toward greater and greater satisfaction and prosperity."
The Market Economy as Affected by the Recurrence of the Trade Cycle
People rebel against the insight that the malinvestment and overconsumption of the boom period are the cause of the bust.
28. A Burst in Productivity
From Part I of A History of Money and Banking in the United States: The Colonial Era to World War II: “The History of Money and Bank
Barthélemy de Laffemas: The First Major French Mercantilist
Barthélemy de Laffemas comes to our attention because of the dozens of execrable pamphlets he wrote on behalf of the mercantile system that he was
Do Sticky Wages Weaken the Case for Markets?
The argument of sticky wages does not justify the existence of a central bank. Market prices, including wages, are flexible enough to smooth out macroeconomic disturbances.
Spain’s Dropout Generation
"The quality of a university graduate has been devalued in recent years to the point where an employer will no longer be impressed at all by an undergraduate degree."
