Volume 11, No. 2 (2008)

Keynes’s presentation of our rates of interest on wheat and housing is set within Austrian business cycle theory, to show that soaring wheat prices and subprime mortgage write-downs are expected, when a monetary authority holds interest rates too low for too long. From that basis, further interest rate cuts are an unlikely remedy for a recession whose roots lie in a proliferation of credit.

Volume 11, No. 2 (2008)

In a recent article Robert P. Murphy (2006) uses Cantor’s diagonal argument to prove that market socialism could not function, since it would be impossible for the Central Planning Board to complete a list containing all conceivable goods (or prices for them). In the present paper we argue that Murphy is not only wrong in claiming that the number of goods included in the list should be uncountable, but also that the number of equations/prices is irrelevant from the point of view of market socialism.

Volume 11, No. 2 (2008)

Volume 11, No. 2 (2008)

Volume 11, No. 2 (2008)

Volume 11, No. 2 (2008)

In terms of the domestic economy, the established history of English liberation and French stagnations still holds, but War, Wine, and Taxes: The Political Economy of Anglo-French Trade, 1689–1900 shows that England was a late comer to free trade while France was a relative trail blazer.

Volume 11, No. 3 & 4 (2008)

Volume 11, No. 3 and 4 (2008)

Volume 11, No. 3 and 4 (2008)

Volume 11, No. 3 (2008)