Sorry, Stiglitz: It’s Socialism That’s Rigged — not Capitalism
Ever since winning the Nobel Memorial Prize in “Economic Science” in 2001, Joseph Stiglitz has been a one-man advocacy band for growth of the state.
Capital and Interest Theory
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Richard Cantillon: An Introduction
Jevons called Cantillon's Essai the "Cradle of Political Economy." It was one of the few books quoted by Adam Smith and it deserves reading by any serious thinker of political economy today.
Who Is Eugen von Böhm-Bawerk?
A member of the “second generation of the Austrian school of economics,” Eugen von Böhm-Bawerk (1851–1914) and his works are discussed by Peter Klein.
“Price Stability” Is a Trick — It Actually Ruins Wealth
The Fed's policy of price stability, as in the 1920s, may catch economists again unaware of the damage inflicted by this policy.
New-Product Research and Development: The Earliest Stage of the Capital Structure
Deepening the understanding of the capital structure by unpacking the process that coordinates capital within the new-product R&D stage of the capital structure is the purpose of this paper.
Our Obsession with Consumption — while Ignoring Saving and Investment — Is a Big Problem
Without saving and investment, there can be no material progress — which is necessary for cultural progress and flourishing.
