Deflation and Japan Revisited
This paper proceeds by explaining deflation and aggregate price determination in more detail. Then, some facts about the development of Japan, 1990–2001, are provided, together with an extensive interpretation
Global Economy
Displaying 931 - 940 of 1738
Austrian Business Cycle Theory and the Global Financial Crisis: Confessions of a Mainstream Economist
Austrian business cycle theory has a legitimate claim to being the most authoritative explanation of the recent global financial and economic crisis.
Economic Decline and the Failure of Chinese Entrepreneurs
In his book The Theory of Economic Development, Schumpeter (1934) pointed out that entrepreneurs are prime movers of economic change. The entrepreneurs described by Schumpeter were innovators.
Review of Exorbitant Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary System, by Barry Eichengreen
Recent events in the US — high unemployment, record federal deficits, and unprecedented financial distress — have raised serious doubts about the future of the dollar.
Review of Millennium Doom. Fallacies about the End of Work, by Mauricio Rojas
In this new offering, Rojas tends to downplay the existence of any net capital movements and to argue that, if such net capital movements existed at all, they operate only in favor of the capitalist West.
European Business Fluctuations in the Austrian Framework
The Austrian theory mainly deals with analyzing the effects of an increased credit offer on productive structures.
Review of The Economics of Edwin Chadwick: Incentives Matter, by Robert B. Ekelund, Jr., and Edward O. Price III
Authors, Ekelund and Price have produced an engrossing and informative study of the economic life and times of Edwin Chadwick. Scholars interested in economic policy and reform, the history of industrialization,
The Role of the Economist in Economic Development
We have provided a reconsideration of the role of the economist in economic development. In doing so, we first considered the evolution of development economics
The Hyperinflation in Zimbabwe
Zimbabwe’s economic crisis originates from its struggle for independence in the 1970s. Military adventures and reckless spending led to exploding budget deficits,
Review of The Subprime Solution: How Today’s Global Financial Crisis Happened, and What to Do About It. By Robert J. Shiller
It is with great trepidation and anticipation that we review Robert Shiller’s new book, The Subprime Solution. Trepidation as to the causes of the problem, which were expected to take a behavioral spin.
