Crony Capitalism the Cause of Society’s Problems
bySince the economic downturn of 2008, the critics of capitalism have redoubled their efforts to persuade the American people and many others around the…
A Unifying Theory: Money, Goods and Services are Instruments of Expectations-Management
byThe following paper was written for The Cobden Centre by Vishal Wilde. Vishal Wilde is a finalist studying for a BSc (Hons) in…
Federal Government Introduces a New Macro Statistic: A Triumph in Supply-side “Austrian” Economics and Say’s Law
byMark Skousen, The Structure of Production. New York University Press. Third revised edition, 2015, 402 pages. $26 paperback. Available on Kindle. To buy…
Dammit, Janet
byAccording to Einstein, time is affected by gravity. Clocks far from strong gravitational fields run more quickly; those close by run more slowly. We…
Economics & International Studies Seminar: John Phelan
by14 October 2015 16:15 – 18:00 John Phelan, Capital Economics “The Road Not Taken – The Hard ECU; Britain’s Alternative to the Euro” In 2009…
From ZIRP to NIRP
byThe sudden end of the Fed’s ambition to raise interest rates above the zero bound, coupled with the FOMC’s minutes, which expressed concerns about…
Choose your own financial crisis
byDownload: “Choose your own financial crisis“, working paper Do you remember those “Choose your own adventure” stories from your childhood? For some time I’ve…
Squashed
byAs a child I was fascinated by the concept of a neutron star. A neutron star is the tiny but immensely dense thing that’s…
Equity markets and credit contraction
byThere is one class of money that is constantly being created and destroyed, and that is bank credit. Bank credit is created when a…
The Bank of England’s One Bank Research programme – how to truly challenge the orthodoxy?
byThe Bank of England launched its “One Bank Research” programme last year. They write: Through our One Bank Research initiative, the Bank of England…