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Richard C.B. Johnsson

Works Published inQuarterly Journal of Austrian EconomicsMises Daily Article

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Deflation and Japan Revisited

Global Economy

07/30/2014Quarterly Journal of Austrian Economics
This paper proceeds by explaining deflation and aggregate price determination in more detail. Then, some facts about the development of Japan, 1990–2001, are provided, together with an extensive interpretation


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On Ricardo and Free Trade

Free MarketsGlobal EconomyMonopoly and CompetitionValue and Exchange

01/12/2004Mises Daily Articles
Some distinguished theorists have lately entered into a debate over the merits of free trade after two of them had suggested that "free trade has necessary conditions" and "today these conditions are not met". In particular, they mean that David Ricardo's law of comparative advantage don't hold if...
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The Fundamentals of a Falling Dollar

Global EconomyMoney and BankingValue and Exchange

12/15/2003Mises Daily Articles
The exchange rate is a measure of the relative value of these two currencies, not the value of the dollar or the euro per se. Perhaps the value of dollar and the euro have risen lately but the euro a bit more. Richard Johnsson believes that both have lost in value since mid-2001, only the euro has...
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Rate Cuts and Profitability

The FedU.S. EconomyCapital and Interest TheoryInterventionism

07/08/2003Mises Daily Articles
The idea behind the cuts is more or less that by forceably lowering the interest rates, the costs of businesses and households will fall, consumption and investment will commence, and profits will recover. But why hasn't it worked the former 12 times? Is there something wrong with this idea?
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The Liquidity-Trap Myth

Money and BanksMonetary TheoryMoney and Banking

05/13/2003Mises Daily Articles
Some commentators have tried to revitalize the old Keynesian idea of the liquidity trap. Although the trap itself follows from the J.R. Hicks IS-LM analysis, the basic idea is borrowed from J.M. Keynes. In fact, Japan has not been been in such a trap in the years following 1990, and the whole idea...
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