The Case Against the New “Secular Stagnation Hypothesis”
Lawrence Summers claims that excess savings and feeble investment led to secular stagnation in advanced economies. But Austrian business cycle theory offers a better explanation.
Lawrence Summers claims that excess savings and feeble investment led to secular stagnation in advanced economies. But Austrian business cycle theory offers a better explanation.
Kevin Vallier's new book is a valuable contribution to "public reason liberalism," introducing useful arguments for strengthening private property rights.
Steven Kates's new book debunks Keynesian demand-side economics, while striving to resurrect Say’s Law and revive the classical understanding of the economy.
How, and to what extent, would fiduciary media emerge in a pure market economy? Hansen argues that holding fiduciary media instead of money is an entrepreneurial error.
Bill Anderson reviews Donway and Kolhatkar's collection of essays on the culture war. Though a non-academic book, it is a good resource for academic researchers and a worthwhile read.
How should we address uncertainty when using NPV calculations? The answer is rooted in the Austrian school of thought rather than neoclassical finance theory.
The behavioral economics-based "new development economics" is just like the old development economics, say Espinosa and Carreiro. The Austrian theory of dynamic efficiency offers a useful path forward.
Larry Sechrest provides a concise (4000-word) explanation of the concepts of malinvestment and overinvestment and how they help us understand economic depressions and the boom-bust cycle.
Successful entrepreneurial leaders play a central role in empowering employees to use their localized knowledge.
The word entrepreneur originally meant someone who is active, risky, and even violent. Richard Cantillon changed both the meaning of the word, and our ideas of what entrepreneurs are.