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Free Banking: Theory, History, and a Laissez-Faire Model
Publication
Author: Larry J. Sechrest
Online Publish Date:
Category: Money and Banks, U.S. History
Free Banking: Theory, History and a Laissez-Faire Model  is a magnificent work, now rescued from undeserved obscurity with this new edition. Published in 1993, it is a formalization and extension of literature in the free banking area, with important correctives and clarifications. He argues that the debate over central banking and free banking is
The Anti-Capitalists: Barbarians at the Gate
Mises Daily
Author: Larry J. Sechrest
Online Publish Date:
Category: Entrepreneurship, Private Property, Media and Culture
[ This talk was presented as the Ludwig von Mises Memorial Lecture at the Austrian Scholars Conference in Auburn, Alabama on March 15, 2008. This talk is also available in video and  MP3 audio file .] One thing is abundantly clear. Both the spirit and the genius of Ludwig von Mises are alive and well here at the Mises Institute. The breadth and
Risk and Business Cycles: New and Old Austrian Perspectives by Tyler Cowen
Quarterly Journal of Austrian Economics
Author: Larry J. Sechrest
Online Publish Date:
Category: Business Cycles
Volume 1, No. 3 (Fall 1998)   This very ambitious book starts with the high promise of a radically new and superior theory of business cycles, but when it ends the reader cannot resist the conclusion that the promise has gone unfulfilled. Tyler Cowen states his goal quite explicitly. He finds the “traditional” or “old” Austrian theory of business
Capital, Credit, and the Medium Run
Quarterly Journal of Austrian Economics
Author: Larry J. Sechrest
Online Publish Date:
Category: Business Cycles, Capital and Interest Theory
  Volume 4, No. 3 (Fall 2001)   Time and Money  is a multifaceted achievement. Within its pages the reader will encounter business cycle theory, capital theory, comparative economic thought, and many contemporary macroeconomic topics, as well as the tools  needed to convey all of it to university students. Academic economists, regardless of school
Public Goods and Private Solutions in Maritime History
Quarterly Journal of Austrian Economics
Author: Larry J. Sechrest
Online Publish Date:
Category: Free Markets, World History
  Volume 7, No. 2 (Summer 2004)   Among all those goods which have been offered as examples of public goods, national defense and lighthouses have been among the most frequently cited. In both cases, it is typically claimed that only a government can effectively provide the good. This paper will present historical evidence which demonstrates that
Praxeology, Economics, and Law: Issues and Implications
Quarterly Journal of Austrian Economics
Author: Larry J. Sechrest
Online Publish Date:
Category: Praxeology, Legal System
  Volume 7, No. 4 (Winter 2004)   The  praxeological  method is an efficacious way to investigate the fundamental theoretical questions at the heart of any study of human endeavor. Unfortunately, however, Austrian economists have often erred in portraying the method as subjective and  nonempirical . It is neither. It is rooted in empirical reality
Explaining Malinvestment and Overinvestment
Quarterly Journal of Austrian Economics
Author: Larry J. Sechrest
Online Publish Date:
Category: Business Cycles, Capital and Interest Theory
Mainstream macroeconomists may—and do—disagree with such an assessment, but Austrian macroeconomists rightly consider the Misesian/Hayekian theory of the business cycle to be one of the signal achievements of the entire Austrian School of thought. This Austrian business cycle theory (ABCT) offers a unique perspective on the destructive array of