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- Search found 17 items for:
- Capital and Interest Theory
- Joseph T. Salerno
Media Asset
Author:
Jeff Deist
Joseph T. Salerno
Online Publish Date:
Dr. Joe Salerno joins the show for a dynamic look at Human Action Part Four , arguably the meatiest part of the book. Chapters 18 , 19 , and 20 are where Mises presents the idea of pure time preference, his expanded theory of interest, and the parameters of business cycle theory and malinvestment. Salerno and Jeff Deist consider how time relates
Media Collection
Author:
Joseph T. Salerno
Peter G. Klein
Joseph T. Salerno and Peter G. Klein are two of the most productive micro-economists in the Austrian School today. This seminar provides an introduction to Austrian Economics. Presented at the Mises Institute, 11-15 June
Quarterly Journal of Austrian Economics
Author:
Joseph T. Salerno
Online Publish Date:
Volume 4, No. 3 (Fall 2001) I would like to emphasize two implications of my argument. First, the concept of secular growth as an uncaused phenomenon contradicts the Mengerian method of analyzing dynamic market processes as well as modern Austrian capital and interest theory and should be purged from capital-based macroeconomics. In its
Mises Daily
Author:
Joseph T. Salerno
Online Publish Date:
Joseph Salerno, senior fellow of the Mises Institute and author of “Ludwig von Mises as a Social Rationalist” ( read in .PDF ), among many other articles, teaches economics at Pace University. At the most recent Mises University, he spoke about the implications of the “Blair Witch Project” for the theory of entrepreneurship. With the film now out
Mises Daily
Author:
Joseph T. Salerno
Online Publish Date:
On February 1, 2001, the day after the Federal Open Market Committee (hereafter, FOMC) cut the target Fed funds rate by ½ percentage point, The Wall Street Journal published a front-page article under the headline “Psychology Test: Latest Fed Rate Cut Combats a Contagion of Low Confidence.” The opening sentence reads: “With yesterday’s half-point
Quarterly Journal of Austrian Economics
Author:
Joseph T. Salerno
Online Publish Date:
Abstract : Karl-Friedrich Israel (2018) sees “obvious tension” in a book chapter (Salerno 2018) in which I argue that the Hicksian income effect plays no role in the causal-realist approach to the demand curve. Israel’s reconstructed “wealth effect” is an effort to solve this perceived problem. This comment addresses the expositional gap in my