Coordination Failures, Cluster Theory, and Entrepreneurship: A Critical View
Volume 11, No. 1 (2008)
Review of Histoire du liberalisme en Europe.
Volume 11, No. 1 (2008)
Austrian Business Cycle Theory: A Corporate Finance Point of View
Volume 11, No. 1 (2008)
Review of The Soulful Science: What Economists Really Do and Why It Matters by Diane Coyle
Austrian Business Cycle Theory in Light of Rational Expectations: The Role of Heterogeneity, the Monetary Footprint, and Adverse Selection in Monetary Expansion
European Business Fluctuations in the Austrian Framework
The Austrian theory mainly deals with analyzing the effects of an increased credit offer on productive structures. In this respect, we propose to link long-term growth cycles to various short-term interest rate gaps. Are European Business Cycles affected when a fall in the money market rate disrupts agents’ expectations of inflation?
Entrepreneurial Planning in a Regulated Environment: the U.S. Federal Maritime Commission and the Maritime Industry
Austrian Business Cycle Theory, Keynes’s General Theory, Soaring Wheat Prices, and Subprime Mortgage Write-Downs
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.
Cantor’s Diagonal Argument: An Extension to the Socialist Calculation Debate — A Comment
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.
