Nobel prize for Keynesian economics
byBy Dr Frank Shostak The Nobel prize in economics for 2026 was awarded to Robert E. Hall and Michael Woodford. According to the Nobel…
They Thought They Were Free: Are We?
byThere is a scene in the movie version of Boris Pasternak’s Dr. Zhivago (1965) in which Zhivago (played by Omar Sharif) is taking his…
Emotions versus Reason in Economics
byBy Dr Frank Shostak According to a practitioner of behavioral economics (BE) Vernon Smith, individuals emotional state rather than reason is the driving factor…
Richard Cobden Speech on Free Trade
byLONDON, JULY 3, 1844. After the narrative which our friend Mr. Villiers has given of the past proceedings of himself and others in the…
Radical Decentralization: Liechtenstein’s Quiet Revolution
by[This article was first published in German in Schweizer Monat, 5 August 2026] The world’s highest per-capita incomes are found in small political units—such…
Ex Nihilo Documentary
byA reminder that our documentary, Ex Nihilo: The Truth About Money, explains much of what is happening, and is about to happen, in the…
Money supply and the 1930’s Economic Depression
byIn his writings, the leader of the monetarists’ school of thinking Milton Friedman blamed the Federal Reserve for causing the Great Depression of the…
Britain’s Childcare Problem Is Regulation, Not Money
byBritish parents hand over more than a third of a dual income household’s net earnings on childcare. That’s the highest burden in the OECD….
The K-Shaped Economy Is Not in Your Imagination
byBy Michael Matulef Open the financial pages and a strange creature stares back at you. The S&P 500 has climbed over 90 percent in…
Geopolitics and the Ethics of Finance and Trade: Conference Papers
byFollowing the Austrian Economics Centre’s recent conference. The conference papers from “Geopolitics and the Ethics of Finance and Trade” are now online. Explore and…