U.S. Economy

In The Mystery of Banking, Murray Rothbard explained how the origins of central banking in the US were rooted in a lobbying effort by Robert Morris and other “nationalists” 

Margo concludes what Austrian economists have surmised all along, namely that the rise in real wages during this period very closely approximated the rise in worker productivity.

Sumner was the product of an indigenous American hard-money tradition that embraced free markets, free trade, and sound banking

This article offers an analysis of the causes of the subprime crisis, explaining that it is not an isolated incident and that we should concentrate our attention on the Fed’s monetary policy 

Panelist Nancy-Ann DeParle’s description of Newhouse’s paper as a “nice job of cataloging” is an apt description of this 1063-page tome as a whole. Its reading level is low enough that professors can assign readings 

Rothbard (1963) provides a compelling explanation of the Great Depression. He used the Austrian business cycle theory to show that the inflationary policies of the Federal Reserve

The Great Transformation is a Human Action-sized treatise about how the Fed over the past several decades has generated economic instability in far more ways than even the Austrian business cycle 

Couch and Shughart’s book brings together a number of public-choice studies by other authors which have appeared in various journals, but have never been formally connected to each other in a single book. 

The title of the book may initially seem to be an exercise in hyperbole, but such is not the case. How Capitalism Saved America is indeed the untold history of our country.

In a recent article appearing in this journal, Douglas MacKenzie (2010) argues that President Hoover’s business conferences artificially propped up wages in the early years of the Depression,