Austrian economics teaches that understanding the “economy” can only be undertaken with the aid of economic theory. There is no formula or equation for understanding the economy. It cannot be measured in any meaningful scientific way. Only the logical construction of cause and effect aid us.
If Germany has competitive labor costs and can build a better widget, where is the problem?
Interviewed by host Angel Clark, Mark Thornton explains and discusses the Skyscraper Index and what it can tell us about the economy.
The good society is an egalitarian one, says Shiller, and finance should not be at odds with this goal.
Broadcast on RT’s Prime Interest program, Mark Thornton talks to producer Bob English about Edward Snowden, the financial markets, and the Fe
The Great Deformation: The Corruption of Capitalism in America
Stockman makes clear that the facile left-right distinction of US politics obscures a deeper crisis of capitalism that spans the breadth of the American economic and political landscape
Astrologers, palmists, and crystal-ball gazers are scorned while professional economists are heralded for their scientific achievements.
From the session on “New Frontiers in Austrian Economics,” presented at the Austrian Economics Research Conference.
From the session on “New Frontiers in Austrian Economics,” presented at the Austrian Economics Research Conference.
