New Face, Old Menace
By focusing on the symptoms rather than causes, there is no way that one can make an economy more healthy and prosperous.
By focusing on the symptoms rather than causes, there is no way that one can make an economy more healthy and prosperous.
One of the best writers of the old liberal school was Thomas Babington, Lord Macaulay (1800-1859), the Whig historian, essayist and statesman.
These days, writes Frank Shostak, it is commonly accepted that the motor of the economy is overall demand for goods. Hence the growth of an economy is dependent on the strength of this motor.
The purpose of this essay is to discuss and celebrate the life and work of one of the great creative minds of our century.
From Zeitschrift für Nationalökonomie Journal of Economics, Spring 1977.
Benjamin Anderson is a rare example of an American economist who wrote in the Austrian tradition long before Ludwig von Mises emigrated to the US.
Published in Advances in Austrian Economics, Vol. 3, 1996.
From the Cato Journal Vol. 19, No. 2, 1999