Financial Cycles, Business Activity, and the Stock Market
Volume 4, No. 1 (Spring 2001)
In this article, the prime concepts are based on the Mises-Hayek theory of the business cycle. Using this model as the general framework for analysis, additions and modifications are introduced reflecting theoretical advances and current problems. Free markets and a strict profit-and-loss system are the best ways to signal erroneous action and induce the constant process of corrective adaptation to bring forth efficiency in the allocation of capital.
The “Confederate” Blockade of the South
Volume 4, No. 1 (Spring 2001)
It is important to note that the economic theory of war does not necessarily displace the historical explanations that rest on such factors as internal dissension, a failure of leadership or diplomacy, the demise of the railroads or
The Uneasy Case for Degressive Taxation: A Critique of Blum and Kalven
Volume 4, No. 1 (Spring 2001)
Yes, We Have No Chaff: A Reply to Wagner’s Austrian Cycle Theory: Saving the Wheat While Discarding the Chaff
Review of Subjectivism and Economic Analysis: Essays in Memory of Ludwig M. Lachmann. Edited by Roger Kopp and Gary Mongiovi
Review of Wages and Labor Markets in the United States, 1820-1860, by Robert A. Margo
Volume 4, No. 1 (Spring 2001)
Review of The Austrian Subjectivist Theory of Interest: An Investigation into the History of Thought, by Ingo Pellengahr
Do Entrepreneurs Make Predictable Mistakes? Evidence from Corporate Divestitures
Volume 4, No. 2 (Summer 2001)
Do entrepreneurs make predictable mistakes? Theory and evidence suggest otherwise. Contrary to the conventional wisdom on mergers and sell-offs, divestitures of previously acquired assets do not necessarily indicate that the original acquisitions were mistakes. Indeed, empire-building motives do not seem to be systematically related to long-term merger performance.Political Union vs. Economic Cooperation
Volume 4, No. 2 (Summer 2001)
