U.S. Economy

My journey with Austrian economics and the Mises Institute began in 1992.

Supporters of minimum wage hikes claim that such hikes have little or no effect on employment, but the law of demand makes it clear that the effects of such price controls are very real.

The Fed and it’s friends blamed cold weather for much of the year’s lackluster economic growth.

Amateur social scientists such as Norbert Wiener (a professional mathematician) predicted, in 1949, that we faced “a decade or more of ruin a

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,