Review: How Economics Professors Can Stop Failing Us
Many economists “essentially have no justification, or defensible reason, for what they are doing” and resent being asked to provide one.
The Progressive Era
More than twenty years after his death, Rothbard is proving that he still has much to teach us.
Protected Lying: How the Legal Doctrine of “Absolute Immunity” Has Created a “Lemons Problem” in American Criminal Courts
How the legal doctrine of prosecutorial immunity creates a “lemons” problem in criminal courts through moral hazard.
Schumpeter’s Review of Frank A. Fetter’s Principles of Economics
Schumpeter's review, now available in English, emphasizes that Fetter's Principles is more than merely a textbook, and highlights the close connection between Fetter’s theory and the economics of the Austrian school, especially his classification of entrepreneurial activity.
Subjectivity, Arbitrariness, Austrian Value Theory, and a Reply to Leithner
Contrary to the Austrian community’s former perception, we revealed value investing’s incompatibility with Austrian economics
New-Product Research and Development: The Earliest Stage of the Capital Structure
Deepening the understanding of the capital structure by unpacking the process that coordinates capital within the new-product R&D stage of the capital structure is the purpose of this paper.
A BCT is not ABCT: A Rejoinder to Brian Simpson
When attempting to explicate a theory of the business cycle, it is important to identify between those components that are necessary features of the cycle and those that are merely incidental.
