Professor Shand was an outstanding economist in the Austrian tradition and a friend to the Mises Institute. His intellectual legacy is built on his two books on the science and morality of market economics. His son offers a tribute.
Israel Kirzner's new book on Mises is a welcome addition to any economics library, writes Joseph Stromberg. It is remarkable how much the author accomplishes in this short work.
A notable biography of Hayek does not make a fair, generous, and reasoned attempt to present the ideas of the individual whose life story is being told. Richard Ebeling is the reviewer.
Lincoln’s main objective was protectionism for Northern manufacturers and the creation of a massive spoils system, writes Thomas DiLorenzo
What causes an economic downturn? The business press keeps getting it painfully wrong, writes Llewellyn H. Rockwell, Jr.
The famed economist seems never to have met a government intervention he can't justify or a tax cut he can't attack, writes Christopher Westley.
The unhappy truth is that Thomas Jefferson, a great libertarian theorist when out of office, was an outright disaster in power, writes Joseph Stromberg.
Are economic downturns caused by falling demand? No, this is only a symptom of a structural problem, says Frank Shostak.
Earlier last year (February 17) in testimony before the House Banking Committee, Alan Greenspan argued that increases in productivity tend to create greater increases in aggregate demand than in potential aggregate supply. His reasoning was that productivity increases stimulate optimistic corporate earnings forecasts, which stimulate stock price increases, which lead consumers to assume increased personal wealth, which increases consumption (and thus aggregate) expenditure.
The Swiss scholar Eduard Fueter once observed that every historian must decide whether he wishes to write from the perspective of his own time, or from the perspective of those whom he is studying.
