...disaster recovery remains an important area for research. Peter Boettke discusses Emily Chamlee-Wright’s excellent The Cultural and Political Economy of Recovery.
For a Forbes symposium on job creation, I’ve proposed that we Scrap the Minimum Wage. In a supplementary post for the Forbes Booked Blog, I discuss my sources and some of the research on the labor market effects of the minimum wage.
It may come as a surprise to many, but the relative size of the US commercial-banking industry has not declined following the so-called credit-market crisis, which developed in the second half of 2007. On the contrary, it has increased since then. While nominal GDP rose 4.2% from the second quarter of 2007 to the second quarter of 2010, banks’ total assets rose 18.4%.
How would appeals work in a voluntary system of private law? Would defendants be able to appeal clearly outrageous convictions? If so, then what’s to stop a murderer from indefinitely appealing his cases?
Paul Krugman is despairing of late, because a growing number of mainstream economists are adopting (versions of) Austrian business-cycle theory. The most recent convert is Minneapolis Fed president Narayana Kocherlakota.
[Excerpted from An Austrian Perspective on the History of Economic Thought, vol. 1, Economic Thought Before Adam Smith. An MP3 audio file of this article, read by Jeff Riggenbach, is available for download.]
[Excerpted from An Austrian Perspective on the History of Economic Thought, vol. 1, Economic Thought Before Adam Smith. An MP3 audio file of this article, read by Jeff Riggenbach, is available for download.]
