Capital and Interest Theory

Low interest rates combined with high-risk fractional reserve banking creates a powder keg on which we’re sitting today, writes Frank Hollenbeck.

Do we now have the Third Culture that C. P. Snow saw coming to life? It would appear so.

Booms and busts are brewing in the real economy, but computers that can quickly solve math problems won’t tell you much about how business cycles w

Volume 1, Number 3 (Fall 1978)

Volume 21, Number 3 (Fall 2001)

George Reisman is interviewed about his interest in Ludwig von Mises at a young age as well as his many enc

Engelhardt’s analysis implicitly assumes away the presence of diminishing returns. Diminishing returns have long been at the heart of growth theory 

This paper represents the initial phase of a larger study which will present the outline of an analytical model of the structure and dynamics of th

Hayek’s works have continued to influence Foss, so it is only appropriate, therefore, that the author pay homage to him. Specifically, Foss pays homage by addressing a favorite Hayek topic—namely that of capital theory.

The present article is a slightly expanded version of one of the critiques of Professor Laurence S.

In response to Topan and Păun in this issue, this comment upholds two lines of argument in defense of the Pure Time Preference Theory of interest. Ludwig von Mises claimed that time preference is a fundamental concept of human action.