Mainstream Economists Don’t Even Get Their Dimensions Right
Economists often discuss capital and interest, assuming that “interest equals the marginal product of capital” when in fact that is simply wrong.
Capital and Interest Theory
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Week in Review: July 15, 2017
Janet Yellen headed to Congress this week to insist that everything is fine — and the Fed doesn't need any oversight.
A Look at Uncertainty in the UK, Post-Election
It's becoming increasingly clear the Bank of England is sticking to an uncomfortably aggressive quantitative easing program.
Capitalism Is About Working Less to Earn More
If working is the price we pay to obtain things we want, then economic progress means decreasing this price thanks to continued productivity growth.
“Priming the Pump” Won’t Create Real Wealth
Many economists believe the economy can be "jump-started" with some monetary and fiscal stimulus. Unfortunately, this only creates bubbles.
Kirzner Reviews Rothbard
Kirzner’s thoughtful and polite approach to scholarship is a model for how younger Austrians can approach scholarly debate.
Capital, Interest, and Rent: Essays in the Theory of Distribution
The modern reader can learn a great deal of the history of modern economics from this volume and be engaged in by a master.
For Keynesians and Austrians, “Uncertainty” Means Two Different Things
After the 2008 crisis, many Keynesians found a new appreciation for uncertainty in economics. Unfortunately, they misunderstand how uncertainty works.
How the Fed Operates — And Why It’s a Problem
Central bankers often claim their tinkering with the money supply is but a small intervention, but in reality, it sets the boom-bust cycle in motion.
Bill Gates’s Robot Tax Is a Terrible Idea
Contrary to what Bill Gates thinks, robots don't decrease tax revenue, nor do they condemn us to a future of unemployment.
