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A New, Easy-to-Read Explanation of Mises’s Human Action
Mises Wire
Author: Lucas M. Engelhardt
Online Publish Date:
Category: Austrian Economics Overview, Business Cycles, Money and Banking, Booms and Busts
[ From the Spring 2016 Issue of the Quarterly Journal of Austrian Economics . ] Robert P. Murphy’s Choice: Cooperation, Enterprise, and Human Action seeks to provide the reader with a “modern, condensed treatment” of Ludwig von Mises’s Human Action . Robert P. Murphy is a long-time contributor to Austrian economics, and has been a serious student
Krugman on the Minimum Wage
Mises Wire
Author: Lucas M. Engelhardt
Online Publish Date:
Paul Krugman suggests that cutting the minimum wage won’t help employment. My hope here is to uncover his errors. First, Krugman makes the argument for cutting the minimum wage. He states: Here’s how the fallacy [of composition] works: if some subset of the work force accepts lower wages, it can gain jobs. If workers in the widget industry take a
A Case for Monetary Independence
Mises Daily
Author: Lucas M. Engelhardt
Online Publish Date:
Category: Money and Banking, The Fed, Money and Banks
[Originally Presented as the Hans Sennholz Memorial Lecture at the 2015 Austrian Student Scholars Conference , Grove City, Pennsylvania] “Sound money and free banking are not impossible — they are merely illegal. Freedom of money and freedom of banking are the principles that must guide our steps.” — Hans Sennholz When I was asked to give the Hans