In line with TCC’s 2010 business plan, the organisation has just launched its Education Network. Recognising the pivotal importance of out-reach to young scholars and other people across a range of organisations and groups, it signals our hunger to address audiences on such topics as banking, money, international free trade and peace. If you want TCC to provide your organisation or group with speakers then do not hesitate to contact us. Over the months ahead, this section will be expanded with a further range of educational out-reach opportunities and programmes. So, do watch this space.
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Economics
Funnily enough, Etatism doesn’t seem to enhance wealth creation or the production of enough tradeable goods to meet either the country’s direct needs, or those of its many overseas creditors – over to you, Mr Krugman!  UK MfG index v inverse of Govt component of GDP v private sector balance (Click to enlarge) Economics
Yesterday, TCC’s friend, Jonathan Pearce, wrote an interesting missive over at Samizdata.net. As well as being supportive of the TCC’s work (JP, thanks for the plug), the article provides interesting insights into the materials and debate concerning the causes and political atmospherics of the recent economic bust. I particularly like the lengthy comments section that follows the main article. Indeed, for wholly understandable reasons, this conversation again indicates that Austrianism is gaining what public relations types call ‘traction’ amongst those thinkers truly interested in the genuine causes of things. Excellent. Economics
Last week, Jamie Whyte, James Tyler, Tom Clougherty and I attended a dinner with numerous others at which the former Prime Minister of Georgia, Vladimer ‘Lado’ Gurgenidze spoke. Hosted by good our friends at the Adam Smith Institute, the evening was a showcase of sound reform and what can be achieved by politicians who have a clear vision and will to set people free. Don’t take my word for it. Get a flavour from the man himself, here. Economics
It is with great sadness that I have learned in the last 24 hours that an old friend, Walter Allan, died last Friday. A Scottish graduate in economics, Walter not only went on to work with the publishing house MacMillan as a commissioning edtior but in the early 1990s he served as the Editorial Director of the Institute of Economic Affairs. In recent years I understand that he divided his time between his wife Eunice in Manchester, teaching commitments at the Cass Business School in London, and the writing of numerous economics and business studies textbooks. A driven and natural teacher, writer and raconteur, “Wal” as he was known to his friends, was also one of the funniest people you could ever have the pleasure of working with. Mindful of his larger than life character, his outrageous humour and his sheer sense of life, I and many other free marketeers will miss him greatly. Walter Allan, rest in peace. Economics
My wife, Helen, is director of Nurses for Reform which is a campaign organisation that she set up back in 2006 to oppose the politicisation of healthcare. This morning she phoned to tell me that her latest missive had appeared in the hard and on-line editions of the Daily Telegraph. With a PhD on health economics she is not only a staunch supporter of consumer power but she is also an ardent debunker of sectional vested interest. Economics
Robert P. Murphy – Only the Austrians can Can Explain Depressions Christopher Westley - Why the Fed Got Birthed? Peter G. Klein – Did Keynesian Economics Win the Battle of Ideas? Doug French – Failure and Prosperity Llewellyn H. Rockwell Jr. – Parallel Lives: Liberty or Power? Joseph T. Salerno – The Macroeconomics of the Fed: Mainstream and Austrian Mark Thornton – What Were They Saying in July 2007? George A. Selgin – The Fed’s Dismal Record Gary North – Heckle and Jekyll: How Murray Rothbard Got the Fed’s Story Right Thomas E. Woods, Jr. - The Source and Workings of the Latest Crisis Ron Paul – My Battle Against the Fed For me, it was not only a delight to listen to and meet Lew Rockwell but it was also a particular pleasure to meet and talk with Congressman Ron Paul. A most intelligent and moral person, I found him to be every bit the gentleman I had expected. Politics
Via James Tyler and zero hedge, The Fastest Growing Export of the Western Banking Industry is Fraud:
Economics
Ron Paul shows that Austrian economics can be popular in the mainstream media and predicts a currency crisis. Economics
In discussions about when to begin cuts, I flatly rejected Keynesianism, explaining that capital-based macroeconomics gives a quite different set of tools for thinking about the economy. This generated interest from students and professional economists present so I have updated our primer, adding The Causes of the Economic Crisis and Garrison’s macroeconomics slides. I also recommend these articles as a quick-start to rethinking money, banking and economics:
And for a light-hearted treatment of the same concepts, here’s the Hayek vs Keynes video: Enjoy! |
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