The Federal Reserve and the Financial Crisis, by Ben S. Bernanke
Volume 17, no. 2 (Summer 2014)
Book Review
The Federal Reserve and the Financial Crisis
Ben S. Bernanke
Princeton and Oxford: Princeton University Press, 2013, 134 pgs.
Welfare and Old Age in Europe and North America, edited by Bernard Harris
Volume 17, No. 2 (Summer 2014)
Welfare and Old Age in Europe and North America
Bernard Harris, Ed.
London: Pickering & Chatto, 2012, 270 pp.
Comment on Dolan on Austrian Economics and Environmentalism
Volume 17, no. 2 (Summer 2014)
ABSTRACT: We welcome Professor Dolan’s (2014) contribution to Austrian economics, and the contributions of all economists associated with the Austrian school of thought to environmental issues. Although not an Austrian economist himself, Dolan has made more of a contribution to the praxeological school than perhaps any other non-Austrian economist. An expert in environmental economics, Dolan (2014) is an attempt to assess the Austrian contribution to this field. He finds it wanting.Imposing Costs on Russia: How About a Food Embargo?
President Obama has threatened to impose costs on Russia for their intervention in Ukraine, but so far, his involvement has been high on rhetoric but low on action. Here’s a proposal that ought to hit Russia where it hurts: impose a food embargo on them. Americans and Europeans of a certain age can remember the costs they felt due to the OPEC oil embargo of 1973. People need food more than they need energy. Think of how much more we could pressure Russia with a food embargo.
What Should Austrian Economists Do? On Dolan on the Austrian Paradigm in Environmental Economics
Volume 17, No. 2 (Summer 2014)
My1 education in Austrian Economics began in earnest shortly before I started grad school at Washington University in Saint Louis.
The Austrian Paradigm in Environmental Economics: Theory and Practice
Volume 17, No. 2 (Summer 2014)
It has been 40 years now since South Royalton conference on Austrian Economics. Already by the 25th anniversary, one participant had declared that conference to be the moment of rebirth for the school. (Vaughn, 2000) The number and youth of the participants at this 40th anniversary gathering confirms that Austrian economics is alive and well. But is alive and well enough?
Merger Waves and the Austrian Business Cycle Theory
Volume 17, No. 2 (Summer 2014)
ABSTRACT: This paper identifies merger waves as parts of Austrian-type business cycles. According to Austrian business cycle theory, when loan rates are reduced below their natural level through bank credit expansion, this falsifies the monetary calculation of capitalist-entrepreneurs, and investments are initiated that calculation showed were not profitable before the interest rate reduction.
