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Robert Thorpe

Economics27 July 13

Mises’ monetary theory compared to other theories

By Robert Thorpe

Lots of people talk about “The” Quantity Theory of Money and “The” Equation-of-Exchange. The terms have a familiar feel to them, they’re part of…

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Economics26 August 11

Science fiction got there before Krugman

By Robert Thorpe

Recently, Paul Krugman claimed that the threat of an invasion by space aliens could bring the US economy out of recession in eighteen months….

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Economics2 August 11

The (quantity) theory of money and credit

By Robert Thorpe

The Quantity Theory of Money seems straightforward, but a little thought about it brings up many questions. Different economists have taken different approaches to…

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Economics21 July 11

Why doesn’t Free Banking work now?

By Robert Thorpe

The most basic theory of (fractional-reserve) free banking concerns the supply of money and demand for money. At some times the public on net…

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The Streets of Vienna
Economics10 July 11

The Streets of Vienna

By Robert Thorpe

A street in Vienna is called a gasse, strasse or platz. There are a few of them named after people who aren’t so popular…

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Economics4 July 11

The consequences of the impending national bankruptcies

By Robert Thorpe

I’m currently in Vienna. I’ve spent a lot of time here enjoying cups of coffee in peaceful cafes, and I think I understand the…

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Economics10 June 11

Was Keynes’ Economics Utopian?

By Robert Thorpe

At any given time, a few Keynesian economists and Austrian economists can always be found arguing on the internet. Recently, Don Boudreaux of Cafe…

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Politics7 April 11

Corruption, Taxation and Enjoying Some Free Time

By Robert Thorpe

One of the most important questions about politics we must ask ourselves is: How should we live in a state we don’t approve of?…

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Money is barren but occasionally covers us in dust
Economics4 February 11

Money is barren but occasionally covers us in dust

By Robert Thorpe

As I expect many readers of this site will know, a debate has begun between the Austrian Economist Robert Murphy and the “Quasi-Monetarists” Scott…

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Economics24 November 10

Learning the Wrong Lessons from Ireland

By Robert Thorpe

As the bailout of Ireland begins in earnest, many in the media are asking “What went wrong?”, and coming to some dubious answers. The…

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