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Recently, the Financial Times published an article containing charts displaying the correlation between government spending and real GDP growth. Based on these correlations, the author of the article, Matthew Klein, comments: “It’s no secret that spending cuts (and tax hikes) have retarded America’s growth for the past four years.” He goes on to

A Good Talk for the Classroom by Mark Thornton Murray Rothbard argued that the cause of the Great Depression was the result of Herbert Hoover’s New Deal policies which sought to keep wages and profits high. Robert Higgs, Richard Vedder, and Lowell Gallaway extended this thesis to include FDR’s New Deal policies which created artificially high

[From The Daily Bell, July 3, 2011] Daily Bell: You’ve just published a new book. Can you tell us about it? Dr. Joseph Salerno: I would be happy to. The book is entitled Money: Sound and Unsound and was published in 2010 by the Ludwig von Mises Institute. It is a collection of essays on monetary topics that I have written over the past 25 years.

With regard to Tullock’s “major objection” to the theory, his argument (pp. 3-10) is likewise marred by an apparent unfamiliarity with advanced expositions of the theory. I shall not attempt here to give a point-by-point critique of the author’s main argument that, during a typical Austrian business cycle, “there would be only minor transitional

  A Man of Principle: Essays in Honor of Hans F. Sennholz John W. Robbins and Mark Spangler, eds. Grove City, Pennsylvania: Grove City College Press, 1992. An important contributing factor to the resurgence of Aus­trian economics in the 1970s was the appearance of a handful of articles which drew the attention of the economics profession

From The Review of Austrian Economics Vol. 4 (1990): 26–54. For the most part Ludwig von Mises’s writings on society and social evolution have been ignored by the participants in the current revivals of both Austrian economics and classical liberal political philosophy. When his social theory has been addressed, Mises appears to his critics (Barry

Israel M. Kirzner The Economic Calculation Debate: Lessons for Austrians Adobe Acrobat 6.0 Paper Capture Plug-in

Ludwig von Mises’s contributions to the development of the technical methods and apparatus of monetary theory continue to be neglected today, despite the fact that Mises succeeded exactly eight decades ago, while barely out of his twenties, in a task that still admittedly defies the best efforts of the most eminent of modern monetary theorists,

For roughly the first three quarters of the nineteenth century, the “liberal school” thoroughly dominated economic thinking and teaching in France. Adherents of the school were also to be found in the United States and Italy, and liberal doctrines exercised a profound influence on prominent German and British economists. Although its numbers and

From The   Review of Austrian Economics Vol.  6, No. 1, 1992.