The meaning of the neutral interest rate
byThe idea of a neutral interest rate emanates from the writings of the Swedish economist Knut Wicksell. According to Wicksell, There is a certain…
Economics
In praise of experimental economics
byThis blog recently republished an article by Frank Shostak asking “Is there a place for experimental economics?” I could write a lengthy defense of…
The banking crisis has been exacerbated by new rules and regulations
byImagine, for the sake of argument, that we discover a little-known, unpopulated territory within the EU, on which to establish a colony. Let’s call…
The Great Wave
byRather than pretending to a level of insight into the scale of Japan’s problems which neither we nor anyone else truly possesses at this…
Helio Beltrão: Austro-Libertarianism as a Starfish
byWhat a lecture title! What a lecture! Mr Beltrão, entrepreneur and founder of Instituto Mises Brasil, speaks at the Ludwig von Mises Institute in…
Richard Cantillon: An Essay on Economic Theory
byI have just stumbled upon a new translation of Cantillon’s “An Essay on Economic Theory” (Essai sur la Nature du Commerce en Général), rewritten…
Adventures in Economics: An Interview with Richard M. Ebeling
byThis interview appeared in the February 2011 issue of the “Lara-Murphy Report,” published by the United Services & Trust Corp., Nashville, Tennessee, www.usatrustonline.com, and…
Sign up to see Atlas Shrugged part 1
byIt was brought to my attention that a film version of a book was about to be released on 15 April. The book is of…
Jim Rickards: Perpetual Quantitative Easing
byYou might remember a couple of months ago that Jim Rickards came up with the intriguing theory that the Federal Reserve in the United…
Is there a place for experimental economics?
byEconomists have always been envious of the practitioners of the natural and exact sciences. They have thought that introducing the methods of natural sciences…