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Nicolás Cachanosky, a native of Argentina who recently completed his Ph.D. under Mises Institute Associated Scholar Ben Powell, spoke with us recently about his research on Latin American monetary policy and his new teaching position. Mises Institute : What led to your initial interest in the Austrian School? Nicolás Cachanosky : My initial

Earlier this month, Argentina’s leading conservative paper, La Nación published an unsigned editorial comparing the economies of Argentina and Venezuela. The editorial concluded that as economic freedom declines in Argentina, and as Argentina adopts more of what Chavez called “twenty-first century socialism,” it is becoming increasingly similar to

Quarterly Journal of Austrian Economics 19, no. 3 (Fall 2016) ABSTRACT: We develop a simple mathematical version of Garrison’s model. The purpose to develop a mathematical framework is to (1) show how such representation can be used and (2) layout a path for future work that requires a more flexible version of Garrison’s treatment than the

[ Full Issue of the Quarterly Journal of Austrian Economics 20, no. 4 (2017)] ABSTRACT : I comment on the controversy around Garrison’s secular growth, with special emphasis on Murphy’s contribution in this issue. I also argue that further research on this area should focus on formally connecting Garrison’s model with neoclassical growth theory.

Argentina’s economic minister, Axel Kicillof, has become famous for his assertion that it is possible to centrally manage the economy now because we have spreadsheets such as Microsoft Excel. This assertion comes from the mistaken view that the cost of production determines final prices, and it reveals a profound misunderstanding of the market

This article is also available as an Audio Mises Daily At the time of this writing, Argentina is a few days away from formally defaulting on its debts.How could this happen three times in just twenty-eight years? Following the 2001 default, Argentina offered a debt swap (a restructuring of debt) to its creditors in 2005. Many bondholders accepted

Volume 1, Article 43 (2009) Introduction The discussion of what is and what is not inflation has become important among the Austrian economists in their debate regarding free banking with fractional reserves versus banking with 100-percent reserve. That such an old and important discussion has not yet reached a consensus is interesting and

Volume 14, Number 1 (Spring 2011)   To analyze the feasibility of applying the Coase Theorem,  this article uses two traditional arguments, economic calculation and  non-neutral effects, found in the Austrian literature. This article argues  that the efficiency calculation a judge undertakes is problematic and  that his decision should not be

The Free Market 32, no. 6 (June 2014) Argentina’s economic minister, Axel Kicillof, has become famous for his assertion that it is possible to centrally manage the economy now because we have spreadsheets such as Microsoft Excel. This assertion comes from the mistaken view that the cost of production determines final prices, and it reveals a

Scotland’s vote for independence resulted in a negative. There won’t be, for now, further discussions about what Scotland should do with its monetary institutions. Still, there is one more issue that I would like to discuss, because it transcends the particular case of Scotland, had independence been the result of the vote. There is a widespread