Tag: Austrian School of economics

Modeling Disasters »

It always astonishes me that a publication calling itself a “newspaper” can report as fact, leaving no allowance for the possibility of error, a story such as this: “As Waters Warm, Predators’ Hunger Games Will Get Tougher.” [Note that the online version tones it down a bit: “...predators may go hungry.” (Emphasis added.) Hedging...
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Beyond Regime Uncertainty: Corporate CFOs Predict Worsening Future »

Following on my recent post citing corporate CEOs’ complaint that continuing “Regime Uncertainty” forestalls their companies’ investing and hiring, corporate CFOs are today following suit, as reported by DeLoitte’s “CFO Signals“: CFOs’ expectations for sales and earnings growth both dropped precipitously this quarter, and their expectations for capital investment and hiring followed suit. The...
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New Online Courses on Liberty »

With the very exciting, rapid development of online learning, I am delighted that new programs to provide excellent courses in economics and history have recently been launched by scholars who have worked with the Independent Institute. 1. The first is from the historian and best-selling author Thomas E. Woods, Jr. (Senior Fellow, Ludwig von...
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Counsel of Despair? »

Over the years, I have heard many people say that the government’s adoption of a laissez-faire stance during a business recession or depression amounts to “do-nothing government”—the unstated assumption always being that it is better for the government to “do something” than to do nothing. Recommending such a hands-off stance is often described as...
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Chinese Scholars Discover Human Capital, Disavow One-Child Policy »

In the continuing battle between Malthusians who view humans as “useless eaters” whose populations must be centrally controlled, and those of us who see creatures uniquely endowed with brains and talent, Chinese scholars have fired what one hopes is the opening salvo to bring an end to China’s brutal and repressive practice of forced...
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The Power and Vitality of Living Economics »

Economics provides a powerful framework for understanding what goes on in the marketplace, the voting booth, the family, the community, and every other sphere of social activity. Its greatest teachers—from before Adam Smith on down to the present—have always impressed upon the public their discipline’s explanatory powers and importance for human well-being. In his...
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Economists Testify on Federal Reserve Before House Committee Chaired by Ron Paul »

On May 8th, five economists, including our Research Fellow Peter Klein, appeared in testimony before the U.S. House Committee on Financial Services Domestic Monetary Policy and Technology Subcommittee, chaired by Congressman Ron Paul. The panelists included two economists from the Austrian School, two Keynesians, and one monetarist: Peter G. Klein, Research Fellow, The Independent...
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Happy Birthday, F. A. Hayek »

Born May 8, 1899, F. A. Hayek made landmark contributions to more subjects than most social scientists are even conversant in: economic theory, social-science methodology, political and legal theory, intellectual history—he had something valuable to say about all of these and more. Because so many great pieces about Hayek’s life and work have been...
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American Pie 2.2, or, The Lament of a Self-Made Misesian »

A long long time ago I can still remember How those data used to make me smile And I knew if I had my chance That I could make regressions dance And maybe they’d be happy for a while   But mainstream methods made me shiver With every paper I’d deliver Bad news on...
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The Independent Review—Spring Issue Now Available »

We are delighted to announce the publication of the Spring 2012 issue of the Independent Institute’s peer-reviewed journal, The Independent Review. This issue’s articles and book reviews deal with the following questions: What does evidence from hunter-gatherer societies suggest about whether human beings are better adapted for individualism or collectivism? Read the article. What...
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