Entrepreneurship and the business cycle
Via the Quarterly Journal of Austrian Economics, our Chairman, Toby Baxendale, and our Founding Fellow, Dr Anthony J. Evans further the monetary theory of…
heterogeneous entrepreneur
Do monopolies cause price inflation?
By Dr Frank Shostak The jump in the yearly growth rate of the consumer price index the CPI from 5.4% in June 2021 to…
The Japanization of the European Union
The Japanization of the European Union[1] Introduction The topic of my lecture today is “The Japanization of the European Union.” I…
Price Controls Attack the Freedom of Speech
We increasingly live in a new “dark age” of economic ignorance, and even stupidity. Few things exemplify this trend as much as the call for price…
Central Banking Is Central Planning
At a time when the appeal of and demands for a new “democratic” socialism seem to have caught the imagination of many among the…
Freedom Works in Switzerland
by Henrique Schneider In 2018, the Swiss economy grew 2.5 percent. For 2019, the Federal Expert Group for economic forecast expects it to expand…
A Forerunner of the Austrian School in Nineteenth-Century Spain
by David Chávez Salazar In 1952, the British economist Marjorie Grice-Hutchinson discovered that the Spanish scholastics of the seventeenth century, gathered around the School…
Why profitability and not risk should be primary consideration in asset allocation
It is widely held that financial asset markets always fully reflect all available and relevant information, and that adjustment to new information is virtually…
For Keynesians and Austrians, “Uncertainty” Means Two Different Things
By G. P. Manish and Felicia Cowley Keynesian economics has witnessed a remarkable resurgence since the crisis of 2008. The inability of mainstream economics to predict or…
Should diversification be primary consideration in asset allocations?
Recently one of the most successful Wall Street investors Warren Buffet urged investors to forget about active investment and simply put their money into…