What Austrians Can Teach “Law and Economics” Scholars
[From The Quarterly Journal of Austrian Economics 21, no. 2 (Summer 2018). For the full issue, click here.]
Gilets Jaunes: French Protesters Demand Lower Taxes and More Spending
I never thought I would see the day where Antifa would protest side by side with the National Front against the French government. The day has come, and what it means for France is unclear at best.
We spent last Saturday at “Act 9” of the Gilets Jaunes protests in Paris. We marched from the Ministry of Finance to the Arc de Triomphe, growing in numbers and gathering strength as we went.
Why We Need Savings to Produce What We Need
Conventional wisdom says that savings is the amount of money left after monetary income was used for consumer outlays, implying that saving is synonymous with money. Hence, for a given consumer outlays an increase in money income implies more saving and thus more funding for investment. This in turn sets the platform for higher economic growth.
Ludwig von Mises: An Appreciation
[This article appears online for the first time and is reprinted from The Alternative: An American Spectator (February 1975), where it appeared under the title “Ludwig von Mises.”]
Jeff Deist on Why Socialism Persists
Decentralization Is the Solution to the Government Shutdown
The partial shutdown with the federal government has helped, perhaps more than any other recent political event, to illustrate some of the biggest problems that come with centralizing an ever-larger number of government activities within a single, centralized institution.
Were the US government more decentralized, we’d not now be facing a nationwide systemic failure that continues to cripple the private sector in many ways.
57. Neither Fisher nor Bayes: The Limits of Statistical Inference
Peter Klein and Nicolai Foss on Managers in Flat Business Structures
The online magazine Aeon currently features an outstanding article from our scholars Peter Klein and Nicolai Foss on the trend toward “bossless” business structures. Far from being redundant middlemen, they argue, good managers are needed more than ever even in firms that aspire to flat, decentralized, and democratic organization.
Imagine if the Media Had as Much Sympathy for Small Business Owners as it Does for Federal Employees
During this partial government shutdown, it’s become nearly impossible to avoid news articles, and segments on television and radio outlining the many ways that federal employees are apparently suffering financially as a result of the partial government shutdown.
