Global Economy

As Böhm-Bawerk declared, Salmasius's views on usury were the high-water mark of interest theory, to remain so for over 100 years.

"The true villains were clearly the bankers themselves."

Moreover, the obligations of nondiscrimination and transparency will have negative effects on innovation, investment, and prosperity, instead of the positive effects that may be expected from the openness of the Internet.

Private providers of orphan transfer can be expected to treat orphans with deeper respect than governments can be expected to; in a free market, in fact, they will have no other option.

The governments of almost all countries are engaged in a campaign against the capitalists.

A libertarian approach to adoption, as Murray Rothbard laid out in his Ethics of Liberty, would solve the Haitian crisis in a swift and orderly manner.

In areas of normative economics, this event [Becker receiving Prize]will give a sharp boost to many of the free-market views held by Austrians. But, as far as positive economic analysis is concerned, there is no help here for the praxeological school.

"The future of the euro is dark because there are such strong incentives for reckless fiscal behavior, not only for Greece but also for other countries."

The science of human action is mental and aprioristic, it is the product of a logical analysis of the categories implied in different modes of action.

Alexander Gray (1882–1968) is my favorite historian of economic thought.