The CPI as Evidence of Methodological Error
byBy Keith Wilkinson Adam Smith’s Wealth of Nations (1776) is considered the beginning of modern economics, a discipline of philosophical and political thought. From Smith to Marx,…
Henry Hazlitt’s Economics in One Lesson at 80
byI first met the free-market journalist Henry Hazlitt (1894–1993) in June of 1974 at an Austrian economics conference in South Royalton, Vermont. I had…
Quantum Adaptation and the Informal Market: A Political-Economic Analysis of Bolivia
byBolivia’s informal economy is not a problem—It is a solution to institutional failure By Elias Sanchez This week, Bolivia inaugurated a new president, Rodrigo…
The NBER framework to asses business cycles describes but does not explain
byBy Dr Frank Shostak In the 1930’s the National Bureau of Economic Research (NBER) introduced the economic indicators approach to clarify the essence of…
Easy Money Breeds Fraud: The Cases of Tricolor and First Brands
byBy Artis Shepherd It is an axiom of asset bubbles that—under the bustling surface—widespread malfeasance takes place. This is especially true near the end…
How Common Has Private Currency Been?
byBy Lawrence H. White Recently, an investment advisor and Bitcoin proponent tweeted the claim that “[f]or most of human history” the “[s]eparation of money and state was…
No, Tariffs Did Not Cause September’s Budget Surplus
byBy Ryan McMaken According to the Treasury Department’s monthly report for September, the budget deficit turned positive last month, with tax receipts coming in at…
Prominent Personalities Sign Letter Seeking Ban On ‘Development Of Superintelligence’
byAuthored by Andrew Moran via The Epoch Times, Hundreds of people, from conservative commentators to prominent tech executives, have signed a letter seeking a ban on…
Scholastic roots of President Javier Milei
byby Jesús Huerta de Soto Today we are awarding the “Escuela de Salamanca” prize to the President of the Argentine Nation. His four predecessors…
Innovation is not the key driver of economic growth
byBy Dr Frank Shostak This year the Nobel Prize in economics was awarded to Joel Mokyr, Philippe Aghion and Peter Howitt for having explained…