Central Banks: Reform or Abolish
Gerald P. O’Driscoll has an important new working paper at Cato, “Central Banks: Abolish or Reform.”
HT to Kurt Schuler at Free Banking.
Conclusion:
Raw Materials
[Included in The Bastiat Collection (2011), this article appeared in Economic Sophisms (1845).]
It is said that the most advantageous of all branches of trade is that which supplies manufactured commodities in exchange for raw materials. For these raw materials are the aliment and support of national labor.
An Austrian Classic
Ralph Raico studied with Ludwig von Mises in the formative stages of his intellectual development. As his book Classical Liberalism and the Austrian School — a collection of nine essays — demonstrates, he has himself become one of the pillars of the modern Austrian School.
A Not So Bright Idea
Everyone knows that Thomas Edison was the inventor of the light bulb, but few people are aware that he came up with an idea for a new monetary system. He was dissatisfied with the gold standard (under the National Banking Acts) and also with fiat paper standards. His system is described in a recent review of the book:
How Much Is Enough?
Robert Skidelsky is best known for his three-volume biography of Lord Keynes, and his son Edward is a philosopher who has written an excellent book on Ernst Cassirer.1 How Much Is Enough? contains valuable discussions of happiness research in economics and of global warming, as well as a capsule histor
Hayek and Praxeology
One of the fundamental pillars of Hayekian social thought is Friedrich Hayek’s contention that study of the market cannot be a priori.
What Austrians Can Learn from Steve Martin
The careers of Mises, Rothbard, Hazlitt, and their disciples indicate that the attention to detail pays off.
Malinvestment and Regime Uncertainty
A recent Circle Bastiat blog post highlighted a discussion by Robert Higgs where he argued,
The Economics of Dracula
Vlad the Impaler, and his literary incarnation, Count Dracula, are rooted in a dark period of monetary inflation and economic nationalism.
Another Halloween is upon us, bringing its late autumnal burst of costumes, candy, and merriment. Ghosts, witches, mummies, zombies, Frankenstein’s monster, film and television characters, and others will make appearances, as will the quintessential Halloween figure: Dracula.
Marx and Left Revolutionary Hegelianism
[This article is excerpted from volume 2, chapter 11 of An Austrian Perspective on the History of Economic Thought (1995).]
