Review of Depression, War, and Cold War: Studies in Political Economy by Robert Higgs
Volume 10, No. 3 (Fall 2007)
This book is a collection of ten previously published essays that address some of the most important questions of twentieth-century America. Robert Higgs provides detailed answers that challenge government propaganda of our past and provides ammunition for present and future policy deliberations. The essays are well-written, easily accessible, and to the point. The book will appeal to conservatives, liberals, and libertarians.
Market Socialism and the Property Problem: Different Perspective of the Socialist Calculation Debate
Volume 10: No 4 (2007)
In 1920 Mises presented his famous essay on socialism, which would change, and eventually destroy, the whole scientific case for Marxist socialism (Mises 1990). Afterward, no one could seriously defend that doctrine. Mises argued that socialism cannot be effectively organized because of the “calculation problem.” He based his analysis on the comparison of central planning to the private property regime. Here is a brief summary of his argument.
Mathematics, Metaphors and Economic Visualisability
Volume 10, No. 4 (2007)
Fritz Machlup’s Methodology and The Theory of the Firm
Volume 10, No. 4 (Winter 2007)
A Critique of Adaptive and Rational Expectations
Volume 10, No. 4 (Winter 2007)
Review of The Dinosaur Among Us: The World Bank and Its Path to Extinction by Jeffrey C. Hooke
Volume 10, No. 4 (2007)
Dinosaur reveals many relevant truths that do not appear in World Bank financial statements and press release while reviewing much of the relevant literature. But such oversights are perhaps to be expected in a short manuscript. In the process, Hooke provides a much needed service. If the World Bank ever does go the way of the dinosaurs, he will have gone far in explaining why.
Review of When Washington Shut Down Wall Street: The Great Financial Crisis of 1914 and the Origins of America’s Monetary Supremacy. by William L. Silber
Volume 10, No. 4 (2007)
At the beginning of World War I, the US Treasury secretary closed the New York Stock Exchange to stop the sale of dollar-denominated securities. Then, as chairman of the Federal Reserve Board he embraced the “Too Big to Fail” doctrine orchestrating a bailout of New York banks by flooding the nation with paper currency. This pragmatic future Senator was also a major beneficiary of one of the greatest banking enterprises in America.
Monetary Inflation’s Effect on Wealth Inequality: An Austrian Analysis
Volume 11, No. 1 (2008)
Production Structure in the Context of International Trade
Volume 11, No. 1 (2008)
