Not everyone called a free-market economist — regardless of their possession of a Nobel prize — really is devoted to the free market.
The final issue of the Journal of Libertarian Studies (1977–2011): online.
The war left the central government more powerful than ever, and the states, which had traditionally curbed federal power, in danger of total eclipse.
There is no necessary connection between battling to curb immigration and rejecting key elements of the free market such as free trade.
In this article, Leonard Brewster discusses how self-governance can be much more efficient than a formal governing class or state.
ABSTRACT: The impact of interest rates on investment choices is a key element in both Keynesian and Austrian theories of the business cycle. Fuller (2013) compares the Keynesian Marginal Efficiency of Capital approach to the Austrian Net Present Value approach, claiming that the two give different rankings of investment projects. This comment provides examples to show that this is only true if factor prices are held constant. If factor prices reflect the discounted present value of the project, then the different rankings between the approaches vanishes. This result further highlights a fundamental difference between the Austrian and Keynesian views: factor price stickiness. This difference in assumptions drives the opposing views of monetary policy.
The economic theory of interpersonal free exchange is beautifully simple.
