Earlier this year, the distinguished Harvard biologist, E.O. Wilson wrote of the limitations of mathematics in the sciences in the Wall Street Journal. This native son of Mobile, Alabama—better known elsewhere as the Father of Sociobiology—argued that the ability to formulate conceptual contributions to science does not stipulate mathematical expertise and or even a mathematical component.
Peter Boettke at Coordination Problem highlighted a paper by Guillermo Calvo of Columbia University, “Puzzling Over the Anatomy of Crises: Liquidity and the Veil of Finance,” which is very sympathetic to the contributions of Mises and Hayek . Calvo goes so far as to argue, “the Austrian school of the trade cycle was on the right track.”
“Do we really want a system in which one person’s personality type has such a huge effect on the global economy,” I asked in a critique of the Fed. Today’s Economist vividly illustrates my point, in making the case for Yellen over Summers:
Whether he’s testifying in Congress, editing the Quarterly Journal of Austrian Economics, or heading up the Mises Institute’s many academic programs, Joe Salerno is there to supply some intellectual heavy lifting when you need it most. With this unbelievably handsome gray t-shirt, now available in the Mises store, you can signal that you’re a serious student of Austrian economics, and that you know the purchase of this shirt will be no malinvestment
In my article entitled “The Liefare-Warfare State” on LewRockwell.com today I survey literature that shows that America’s wars have been wars of imperialism with the lone exception of the American Revolution. The War of 1812 was an attempt to conquer Canada; the Mexican-American War was conducted to steal California and New Mexico from Mexico; Abe Lincoln announced in his first inaugural address that the “Civil War” was to be waged over tax collection to
