Institute Publications

Displaying 81 - 90 of 2488

Review of Exploring Capitalist Fiction: Business through Literature and Film by Edward W. Younkins

Media and Culture

03/22/2016Quarterly Journal of Austrian Economics
The importance of economic messages in media has not been lost on Austrian economists. Mises, for example, had much to say throughout his career about the importance of novels and the media in shaping people’s ideas about political economy...

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Review of Finance Behind the Veil of Money: An Essay on the Economics of Capital, Interest, and the Financial Market by Eduard Braun

Money and BanksCapital and Interest TheoryMonetary TheoryMoney and Banking

03/22/2016Quarterly Journal of Austrian Economics
The reader should trudge his way through this book for two reasons. First is the explanation for why the purchasing power of money must be defined in terms of consumers’ goods prices, not capital goods. Second, and more importantly, Braun resurrects the subsistence fund doctrine, an integral...

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Review of Doing Bad by Doing Good: Why Humanitarian Action Fails by Chris Coyne

War and Foreign PolicyInterventionism

03/22/2016Quarterly Journal of Austrian Economics
Doing Bad by Doing Good is an accessible treatment of a major foreign-policy problem from a perspective solidly grounded in the tradition of Austrian economic thought.

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Division of Labor and Society: The Social Rationalism of Mises and Destutt de Tracy

History of the Austrian School of EconomicsPraxeology

03/22/2016Quarterly Journal of Austrian Economics
Ludwig von Mises’s social rationalist views on society, first discussed in Salerno (1990), do not appear to have any precursors in the history of economic thought. The present paper highlights the contributions of a French philosopher, A.L.C. Destutt de Tracy, to the theory of social...

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The Efficient Market Conjecture

Calculation and KnowledgePrices

03/22/2016Quarterly Journal of Austrian Economics
The aftermath of the recent recession has brought renewed skepticism to EMH, even leading some to redefine it as the “inefficient” market hypothesis. We demonstrate that such a course of action is misguided...

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Man, Economy and State, Original Chapter 5: Producer's Activity

History of the Austrian School of EconomicsProduction Theory

03/22/2016Quarterly Journal of Austrian Economics
This present work is an unpublished chapter of Murray N. Rothbard's Man, Economy, and State. In it, Rothbard discussed the optimal production and investment decision of the producer, and used familiar analytical tools such as perfect competition, the isoquant-isocost framework, and the...

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The Austrian Business Cycle Theory: A Defense of Its General Validity

Business CyclesCapital and Interest TheoryInterventionism

03/22/2016Quarterly Journal of Austrian Economics
The paper aims to defend the general validity of the ABCT against the assumption that the theory does not hold if entrepreneurs are able to anticipate correctly the inflationary effects of a fiduciary credit expansion.

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Phishing for Phools: The Economics of Manipulation and Deception

Taxes and SpendingInterventionismPolitical Theory

03/04/2016The Austrian
Economists Akerlof and Shiller contend that people are too gullible and ignorant to be allowed to deal with a potentially deceptive marketplace on their own. The solution is to have the government manage the markets for them.

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Democracy Has Been Weaponized

War and Foreign PolicyWorld HistoryPolitical Theory

02/24/2016The Austrian
Mass democracy, as its nineteenth-century liberal opponents foretold, devolves into a contest of contending forces, motivated by corrupt self interest.

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How Government Buys Your Support

Taxes and SpendingU.S. EconomyU.S. HistoryPolitical Theory

02/17/2016The Austrian
Bribes can work both ways. Sometimes it pays to bribe politicians for what you want. But voters will often happily exchange votes for free stuff. In fact, the latter strategy has been proven to work wonders if one wants a bigger government.

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