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Frank Shostak

Tags Booms and BustsFinancial MarketsMoney and BanksBusiness CyclesCapital and Interest TheoryMoney and Banking

Works Published inMises Daily ArticleQuarterly Journal of Austrian EconomicsAustrian Economics Newsletter

Frank Shostak is an Associated Scholar of the Mises Institute. His consulting firm, Applied Austrian School Economics, provides in-depth assessments and reports of financial markets and global economies. He received his bachelor's degree from Hebrew University, master's degree from Witwatersrand University and PhD from Rands Afrikaanse University, and has taught at the University of Pretoria and the Graduate Business School at Witwatersrand University.

All Works

Should We Use Probability in Economics?

Money and BanksMoney and Banking

Blog02/14/2018
The numerical probability is only relevant in the sphere of non- economics where homogeneous cases are observed.

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Why Good Economics Requires Good Theory

Money and Banking

Blog02/06/2018
Statistical data cannot produce much information about the underlying causes behind human action.

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Why Perfect Competition Is not So Perfect

Monopoly and Competition

Blog02/01/2018
A large variety of products — and not a large number of market participants — is what matters for competition.

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Falling Prices Are a Good Thing

Money and BanksMoney and Banking

Blog01/16/2018
Entrepreneurs, in the pursuit of the price that will yield profits, will direct real funding towards the improvement of people’s lives and well-being.

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