Political Thought through the Ages
David Gordon will teach Political Thought through the Ages, a 6-week online course at the Mises Academy, starting June 7, 2012.
The Problem with the Sun
In 1845, Frédéric Bastiat penned a satirical masterpiece with the long lumbering title of “A PETITION From the Manufacturers of Candles, Tapers, Lanterns, sticks, Street Lamps, Snuffers, and Extinguishers, and from Producers of Tallow, Oil, Resin, Alcohol, and Generally of Everything Connected with Lighting.”
The Hand-Sanitizer Martini
You might have the impression that everyone has switched from beer to red wine, or that everyone has switched from Budweiser to microbrews, homebrew, and high-gravity beers. However, do not count out the good old American cocktail. It is true that beer has lost market share and wine has gained market share, but by far the biggest winner in recent years has been spirits (whiskey, gin, vodka, etc.), particularly high-priced products.
Facebook and the Public Company
Early reports describe Facebook’s much-ballyhooed IPO as a dud. This seems to support The Economist’s worries about the future of the public company, a theme raised by Michael Jensen in a famous 1990 article.
AE in the FT
Mises, Ron Paul, and the Austrian Business Cycle Theory cited in this published letter from an Irish gentleman in the Financial Times.
JPMorgan Chase and Central Banking
In order to reduce a further weakening of the real wealth-generation processes, it is necessary to introduce tighter controls on banks.
Charting Fun with Krugman
In a few recent blog posts, Paul Krugman used bar graphs and tables to (allegedly) prove the superiority of his views over those of the Austrians. Yet, as I’ll show in this article, I can use Krugman’s own data to demonstrate the exact opposite.
Krugman on the Fed and Banking Panics
Perhaps spurred by his Bloomberg debate with Ron Paul, Krugman posted the following regarding financial panics and the US central bank:
Peter Klein answers questions from the Austrian_Economics Reddit
Dr. Klein discusses economics PhD programs, higher education, the business cycle and entrepreneurship, limits to the size of a firm, corporate personhood, the state of Austrian Economics, Keynesianism, Hayek on money, and Lachmann.
Innovation in Higher Education
I posted last week on Organizations and Markets about the tepid,and entirely predictable, reaction of the higher education establishment to the information technology revolution. Mainline universities loudly proclaim their love of online learning — and pedagogical innovation more generally — while doing everything possible to retard it.
The Bernanke Bust
Once the economy is deprived of its monetary steroids, the malinvestments will be revealed as wasteful, misplaced capital and labor.
