A Reappraisal of the Say’s Law Controversy
Fiscal policy means simply that the government steals the public’s assets (taxes them), and then either spends the money itself or donates the funds to others
Fiscal policy means simply that the government steals the public’s assets (taxes them), and then either spends the money itself or donates the funds to others
A rational response to the possibility of large-scale environmental change is to establish the economic freedom of individuals to deal with it, if and when it comes.
Although bits and pieces of "Competition as a Discovery Procedure" began to appear in English as early as the 1970s, the translator discovered that, by the time he assumed emeritus status in 1998, no full translation of the original 1968 Kiel version was yet extant.
Dr. Sennholz, successfully blended his knowledge of the science of economics with a deep commitment to the moral principles governing a society of free and responsible individuals.
Neoclassical utility functions are an invalid means of analyzing consumer behavior for three reasons: first, and most important, because such functions, and their attendant rankings, are cardinal, not ordinal in nature;
Did Hayek learn nothing from Mises? Why assume that he retained his positivist views once he began seriously to study economics? Fleetwood might counter that I have begged the question against him.
Unfortunately, Peter Bossaerts’ text, The Paradox of Asset Pricing, offers no relief from past use of flawed methodologies. Bossaerts is professor of finance and director of the Laboratory
In an age when deflation is widely feared and the threat of deflation serves as a justification for radical policy proposals, Bordo and Redish have done a great service in showing that deflation is not harmful to the economy,
Complexity, Risk, and Financial Markets completes Peters’s trilogy by presenting the underlying philosophical case for chaos theory, which turns out to be grounded on distinctively Austrian views
Perhaps the best concise summary of this book is given by editor Alexander Tabarrok in his concluding chapter. As he points out, where most urbanists see market failures,