Economics
Trump’s “Liberation Day” Tariffs Are a Mistake
byConnor O’Keeffe Today, April 2, 2025, is what Donald Trump and his team are calling “Liberation Day.” Because later, the president will host an…
The Keynesian multiplier – myth or reality?
byBy Dr Frank Shostak For most economists and financial commentators, the heart of economic growth is the demand for goods and services. It is…
Are inflationary expectations the key cause for general rise in prices?
byBy Dr Frank Shostak By the popular way of thinking, the key cause that sets a general increase in prices is inflationary expectations. For…
The Transition Lectures
byWelcome to my four part series on transition. Join me to understand more about the transition from communism to capitalism in Central and Eastern…
Hayek’s 1974 Nobel Prize Lecture: The Pretence of Knowledge
byThe particular occasion of this lecture, combined with the chief practical problem which economists have to face today, have made the choice of its…
Jean-Baptiste Say: Neglected Champion of Laissez-Faire
byLarry J. Sechrest Beyond some rudimentary facts, very little is available in English about the life of J.B. Say.1 He was born in Lyons,…
On The Importance of Ideas. Or: How Immanuel Kant Protects Us From Intellectual Slavery
byBy Thorsten Polleit In this article, I will be discussing the fact that ideas are something profoundly important for us; that it is ideas…
Free Trade in the Twenty-First Century – Published with Springer Nature
byIt was a lot of fun working on this book, and it just came to fruition! At nearly 700 pages long, we have the…
Isaac Newton’s Place in the History of Economic Thought
byBy Claudio Restani Isaac Newton is certainly one of the most important scientists in human history—mathematician, physicist, astronomer, philosopher, and theologian. In the second…