Lowell E. Gallaway

Articles

Wages, Prices, and Employment: Von Mises and the Progressives

07/20/2005 Review of Austrian Economics Lowell E. Gallaway Richard Vedder

There was a watershed in the history of economic ideas in the twentieth century, particularly ideas dealing with the relationships, in the aggregate, between money wage rates, price levels, and...

The Great Depression of 1946

07/20/2005 Review of Austrian Economics Richard Vedder Lowell E. Gallaway

G.R. Steele Hayek’s Money Economy: The Dynamics of Competitive Equilibrium and Socio-Economic Order Adobe Acrobat 6.0 Paper Capture Plug-in

Hoover and Wages in the Depression: A Comment on Douglas MacKenzie: A Rejoinder

07/30/2014 Quarterly Journal of Austrian Economics Richard Vedder Lowell E. Gallaway

Volume 14, Number 4 (Winter 2011) It is suggested in Daniel Kuehn’s article in this issue (2011) that MacKenzie (2010) is wrong about Hoover’s effectiveness in pushing a high wage policy that caused...

Publications

Out of Work: Unemployment and Government in Twentieth-Century America

07/01/1997 Lowell E. Gallaway Richard Vedder

Professors Vedder and Gallaway provide a comprehensive examination of unemployment in the last century of American economic history, using a persuasive mix of Austrian theory (on money and business cycle), empirical methods, and narrative history

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.