Austrian Economics

Daniel Hausman, an influential philosopher of economics, in a recent interview has much to say of interest to Austrians.

Is the Coast Clear? I don't think so.

Austrians today are nearly alone in asserting what the classical economists all knew. You cannot create prosperity by creating more money, but only through increases in technological progress, frugality, trade, and a division of labor.

Reducing government spending results in an immediate increase in welfare for all productive members of the economy. But, the way we calculate economic growth is rigged to make it look like more government spending fuels economic growth. 

Research is not just the way we add to the body of knowledge left by previous generations, but is also an effective means of engaging and challenging the ideas of mainstream economics.

Here is an interesting table comparing 9 schools of economic thought.

Call for Papers for a special issue on "Business Management and Austrian Economics" in the journal BFuP - Betriebswirtschaftliche Forschung und Praxis.

Are Rising Subprime Mortgages a Small Sign of Big Things to Come?

The most recent job report appears, on the surface, encouraging news for the U. S. economy.