Latest Articles
Is technical knowledge the key driver of economic growth?
According to this year Nobel Prize winner in economics, Paul Romer, the technical knowledge that spills over into the creation of new products…
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LvMI produces book on Austrian School with many contributors – published by Springer
I wrote a chapter on business cycle theory – there are some terrific economists, including Prof. Gunther Schnabl, with whom I gave a seminar…
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Mont Pelerin Society General Meeting
Cobden Centre directors Daniel Hannan and Max Rangeley attended the Mont Pelerin Society general meeting last week in Gran Canaria. Dan spoke…
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Economic Thought in Ancient Greece
The intellectual odyssey that laid the foundations for Western civilization began in classical Greece. Unfortunately, Greek thinkers failed in their attempt to grasp the…
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We should ditch GDP as a measure of economic activity
This article exposes the false economic concepts behind GDP, which is only the visible tip of a large iceberg of economic deceit. Describing an…
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Does balance of payments determine foreign currency exchange rate?
According to popular thinking, a key factor in the foreign currency exchange rate determination is the state of the balance of payments. Following this…
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Elementary approaches on Freedom
by Michael Messal Source: https://www.austriancenter.com/elementary-approaches-on-freedom/ “Freedom is just another word for nothing left to lose.”i This quote from the song “Me and Bobby McGee by…
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Can consumer surveys help ascertaining the future course of an economy?
In order to gain insight into the future state of an economy, many economists refer to a variety of consumer and business surveys….
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Strong GDP data and individuals’ wellbeing
In the New York Times September 14 2018 in an article – We’re Measuring The Economy All Wrong, the writer of the article David…
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A Real Agenda for a Renewal of Free Market Liberalism
To mark its 175th birthday, the highly regarded and widely read British news magazine The Economist published a “manifesto” in its September 15, 2018,…
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Hong Kong and the road to recovery
We are following the road to perdition There is increasing awareness that another financial crisis is in the offing, and, of course, everyone has…
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Happy anniversary
“They have learned nothing, and forgotten nothing.” Attributed to Talleyrand. Since everybody else in financial media has been indulging in an orgy…
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Macro Aggregates Hide the Real Market Processes at Work
For the 12 months that ended in July 2018, price inflation in the United States, as measured by the Consumer Price Index, was 2.9…
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Everything is awesome
“What explains the complacency? One reason might be the absence of good ideas.” Martin Wolf in the Financial Times (‘Why so little has…
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Latest Articles on Economics
Is technical knowledge the key driver of economic growth?
According to this year Nobel Prize winner in economics, Paul Romer, the technical knowledge that spills over into the creation of new products…
Economic Thought in Ancient Greece
The intellectual odyssey that laid the foundations for Western civilization began in classical Greece. Unfortunately, Greek thinkers failed in their attempt to grasp the…
We should ditch GDP as a measure of economic activity
This article exposes the false economic concepts behind GDP, which is only the visible tip of a large iceberg of economic deceit. Describing an…
Latest by Format
Latest Articles on Money
The Fed and asset bubbles
In his speech on April 7 2010 at the Economic Club of New York the President of the New York Fed, William Dudley argued…
John Law – 300 years on
Most people are aware that historically there have been speculative bubbles. Some of them can even name a few – the South Sea bubble,…
What causes the acceptance of paper money?
Demand for a good arises because of its perceived benefit. For instance, people demand food because of the nourishment it offers them. This is…
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