While Robert Higgs no longer edits The Independent Review, he continues his unique commentary in the “Etceteras.” The newest issue is no exception and his “The Sluggish Recovery of Real Net Domestic Private Business Investment” should not be missed by anyone wishing to make senses of the Bush-Obama-Fed Great Stagnation (nor should last month’s “
As Rothbard pointed out, war and militarism are socialism writ large, and not surprisingly, war is very expensive to the taxpayers, and especially to those who are the targets of military intervention.
Ronald Coase (1910-2013) died Monday at the age of 102. Since Coase became an economist, in the early 1930s, the economics profession has been altered enormously in fundamental ways.
Murray Rothbard was an early admirer of Ronald Coase, who died Monday at age 102. In a memo in two parts for the Volker Fund, dated July 16, 1957, Rothbard reported on two series of lectures delivered by Coase. He praised Coase’s insight that “under planning, government, if it cannot force labor directly, must. . .condemn any public criticism as subversive.” A free press requires free enterprise. Coase was a pioneer in calling for privatization of air frequencies, and Rothbard enthusiastically agrees with this proposal.
Bubbles, Booms, and Busts: What Have We Learned?
Ronald Coase passed away yesterday at the age of 102. Coase is one of the most influential economists of the twentieth century, perhaps of all time.
John B. Taylor has asked What to Call This Very Slow Recovery? In a post that pre-dates the Taylor question, I had suggested the Bush-Obama Great Stagnation.
According to several Polish news sites, some groups in Poland, including the Mises Institute of Poland, are pressuring the Polish central bank to repatriate Polish gold. According to this story (loosely translated):
During August, the History of Economics eJournal, featured “Capital-Based Macroeconomics: Austrians, Keynes, and Keynesians” by Senior Fellow John Cochran, and “Ronald Coase’s ‘Nature of the Firm’ and the Argument for Economic Pl
Last Monday, Mark Thornton discussed inflation with Alan Butler of Butler on Business. Click here for the full radio interview.
