The Credit Cycle Is On The Turn
byWe are on the verge of moving into an era of high interest rates, so markets will behave differently from any time since the…
Is technical knowledge the key driver of economic growth?
byAccording to this year Nobel Prize winner in economics, Paul Romer, the technical knowledge that spills over into the creation of new products…
LvMI produces book on Austrian School with many contributors – published by Springer
byI wrote a chapter on business cycle theory – there are some terrific economists, including Prof. Gunther Schnabl, with whom I gave a seminar…
Mont Pelerin Society General Meeting
byCobden Centre directors Daniel Hannan and Max Rangeley attended the Mont Pelerin Society general meeting last week in Gran Canaria. Dan spoke…
Economic Thought in Ancient Greece
byThe 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
byThis article exposes the false economic concepts behind GDP, which is only the visible tip of a large iceberg of economic deceit. Describing an…
Does balance of payments determine foreign currency exchange rate?
byAccording to popular thinking, a key factor in the foreign currency exchange rate determination is the state of the balance of payments. Following this…
Elementary approaches on Freedom
byby 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…
Can consumer surveys help ascertaining the future course of an economy?
byIn order to gain insight into the future state of an economy, many economists refer to a variety of consumer and business surveys….
Strong GDP data and individuals’ wellbeing
byIn the New York Times September 14 2018 in an article – We’re Measuring The Economy All Wrong, the writer of the article David…