Institute Publications

Displaying 21 - 30 of 2598

Skidelsky's Push for Modern Mercantilism

Financial MarketsInterventionism

06/07/2019The Austrian
Skidelsky manifests an inordinate distaste for money and “greed.” Far better in his eyes is the pursuit of power by the State, even at the cost of wars and massive public debt. Some of us will not agree.
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Why Economics Needs Philosophy

Austrian Economics OverviewPhilosophy and Methodology

05/31/2019The Austrian
People criticized economics and said “well, there’s something wrong with Austrian economics because it doesn’t depend on verifying things empirically,” Mises wanted to come up with a reply to that, so that was what really got him into philosophy.
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Rothbard's Editor on the Mentor He Never Met

BiographiesHistory of the Austrian School of Economics

05/29/2019The Austrian
Without Rothbard Austrian economics and libertarianism would have taken a very different turn.
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Review: The Problem of Production: A New Theory of the Firm

Production Theory

05/09/2019Quarterly Journal of Austrian Economics
Per Bylund's new book makes a compelling Austrian argument that firms precede markets, and creates what reviewer Mateusz Machaj calls "an unlocking theory of the firm."
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On Conceptualizing Risk: Breaking the Dichotomy between Knightian Risk and Uncertainty

Austrian Economics OverviewEntrepreneurship

05/07/2019Quarterly Journal of Austrian Economics
What are the different concepts of financial risk? How do Austrian economists conceive of risk, uncertainty, and probability? Christian Hoffmann, parting ways with Mises, provides a taxonomy and cautions about the predominance of probability statistics in the realm of economics and finance.
Formats
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Review: The High Cost of Good Intentions: A History of U.S. Federal Entitlement Programs

Bureaucracy and RegulationU.S. History

05/04/2019Quarterly Journal of Austrian Economics
Entitlement programs have worsened the problems they were designed to solve and are now giving out massive subsidies to the non-poor.
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Restitution in Theory and Practice

Free MarketsLegal SystemPhilosophy and Methodology

04/19/2019The Journal of Libertarian Studies
State-centered ideas around crime focus on imprisonment and punishment. But a restitution-centered model would be much better for victims.
Formats

12_1_4_0.pdf

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Homogeneity, Heterogeneity, the Supply Curve, and Consumer Theory

Subjectivism

04/17/2019Quarterly Journal of Austrian Economics
What does it mean for two goods to be the "same good"? Wysocki and Block argue that Austrian subjectivism leads to the possibility of perfect economic homogeneity or heterogeneity.
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The Income Effect Reconsidered

Prices

04/15/2019Quarterly Journal of Austrian Economics
There is a type of income effect in Austrian or causal-realist price theory, and the difference between neoclassical and Austrian microeconomics is smaller than has been portrayed, says Karl-Friedrich Israel.
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Is the Virus of International Macroeconomic Interventionism Infectious? An ABCT Analysis

Austrian Economics OverviewBusiness Cycles

04/15/2019Quarterly Journal of Austrian Economics
Can credit expansion in one part of the world infect a laissez-faire economy with a boom-bust cycle? Block, Engelhardt, and Herbener argue that the laissez-faire economy is largely sheltered.
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