The Myth of the Magical Multiplier
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.
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.
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.
Israel M. Kirzner The Economic Calculation Debate: Lessons for Austrians Adobe Acrobat 6.0 Paper Capture Plug-in
Published in Advances in Austrian Economics, Vol. 3, 1996.
A tribute to Ludwig von Mises written by Murray N. Rothbard. This article appeared in the Libertarian Review, April 1978, pp. 37–38.
The objective of this article is to point out a relatively neglected aspect of at least some of Buchanan's work, namely, its subjectivist roots.