Tag: Austrian School of Economics

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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Social Engineering and the Roots of the Financial Crisis »

Many books and articles have been written about the financial crisis of 2007–2008. Unfortunately, much of this literature is deeply flawed, mistakenly treating, for example, unscrupulous mortgage lenders and securities dealers as the primary cause of the calamity rather than as factors subordinate to more fundamental causes. One book exempt from this criticism is…
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The Temptation of Bernanke: How Historical Memory Feeds Fed Power »

[*UPDATE: Fed Joked About Housing Crash in 2006! Here is a good interview from PBS] “Tyranny is the exercise of power beyond right.” “Wherever law ends, tyranny begins.” —John Locke, Second Treatise of Civil Government “The historian is . . . one step nearer to direct power over public opinion than is the theorist.” —Friedrich A. von…
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Nobel Laureate Economist Ronald Coase Turns 101 »

On December 29th, the world-renowned economist Ronald H. Coase celebrated in Chicago his 101st birthday. Professor Coase received the Nobel Prize in Economic Sciences in 1991, and he is the Clifton R. Musser Professor Emeritus of Economics at the University of Chicago Law School and the former, highly influential editor of the prestigious Journal…
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Robert Higgs Is Interviewed on The Peter Schiff Show on the Folly of Government Interventionism »

Senior Fellow Robert Higgs is interviewed here by Thomas Woods on “The Peter Schiff Show.” Dr. Higgs discusses how the federal government prolonged and deepened the Great Depression of the 1930s that lasted until after World War II when such policies were either ended or radically reduced. Moreover, the current attempts at central-government planning…
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  • MyGovCost.org
  • FDAReview.org
  • OnPower.org
  • elindependent.org