Capital and Interest Theory

The Austrian theory of the business or trade cycle is an intricate blend of monetary theory and capital theory. Mises’s (and Hayek’s) monetary and capital theories differ in both significant 

In this article, Walter Block reviews Bryan Caplan’s The Myth of the Rational Voter: Why Democracies Choose Bad Policies.

Austrians frequently lament the absence of an Austrian undergraduate money-macro curriculum, especially at the intermediate level. 

Volume 20, Number 4 (Winter 2000)

Roger W. Garrison is interviewed on his contributions to Austrian Economics.

Andrew Young (2009) suggests a capital-based theory for secular growth that is consistent with Austrian capital theory. He argues that investment in intangible capital 

Hayek is seen as one of the main opponents of Keynes because of the debate about macroeconomics that they had in the early thirties. 

The primary purpose of this paper is to contrast Austrian and conventional concepts of cost.

The present paper aims at showing that two particular types of arguments in favor of the pure time preference theory of interest (PTPTI) are mistaken. 

In this paper, Antony Flew discusses Marx and Engels, Adam Smith, and social science.

Volume 8, Number 2 (1987)

This paper contends that Adam Smith meant what he said; human nature is ennobled by the cultivation of its lands, the advancement of its manufactur