In spite of a seemingly endless number of examples to the contrary, we continue to be confronted, even in 2015, with the widespread idea that technological innovation can destroy jobs and wealth. Each new labor-saving technology leads to worried speculations by those who fear any challenge to the status quo.
Some of the most fascinating innovation in digital markets happens in video game worlds. It wasn’t so long ago that the idea of an “in-game economy” was little more than a hopeful metaphor, but today, many games feature intricate and evolving marketplaces.
Lew Rockwell and Jeff Deist cordially invite you to join them at our upcoming Mises Circle in Stamford, Connecticut, on Thursday, May 7. Register here.
How many people in the United States have trouble buying enough food for their households? The number is surely larger than zero, but beyond that, we’ll never know more because the federal surveys that measure “food insecurity” are so hopelessly skewed, as to be useless.
Most economists hold that a growing economy requires a growing money stock, on grounds that an economic growth gives rise to a greater demand for money which must be accommodated.
Failing to do so, it is maintained, will lead to a decline in the prices of goods and services, which in turn will destabilize the economy and lead to an economic recession, or even worse, depression.
Like a good guy in an old Western determined to put things aright, George Selgin has once again arrived on the scene shooting from the hip--and displaying remarkably bad aim.
Professor Joseph Salerno, Academic Vice President at the Mises Institute, was installed to the new Peterson-Luddy Chair in Austrian Economics on March 13, 2015 at the 2015 Austrian Economics Research Conference.
Interviewed by Gordon Long, Guido Hülsmann discusses the elements of “financial repression” in the form of regulation, central banking, inflation, and privilege for certain politically-connected industries and political actors.
According to economic historian Timur Kuran, “Around roughly the tenth century, the Middle East was an economically advanced region of the world, as measured by standard of living, technology, agricultural productivity, literacy or institutional creativity.
Lee Kuan Yew , who led the successful effort to turn Singapore into a economic and financial powerhouse, died Monday at age 91.
