All Posts Tagged With: "Austrian Economics"
Human Action Turns 60!
Featuring: Kirzner, Greaves, Boettke, Leeson, Hazlitt, and more! TheFreemanOnline.org
20Aug2009 | Sheldon Richman | 2 comments | ContinuedHuman Action, 1949: A Dramatic Episode in Intellectual History
A great book, it has been remarked, is like a great castle. It can be viewed from many different angles, each offering a unique perspective. Viewing Ludwig von Mises’s monumental work from the vantage of 2009 permits one to see with great clarity one fascinating aspect of the book–the sheer drama of its emergence at [...]
19Aug2009 | Israel M. Kirzner | 5 comments | ContinuedHuman Action: The 60th Anniversary
We are celebrating the 60th anniversary of a great book, Human Action: A Treatise on Economics, by a learned man and a clear thinker: the Austrian economist Ludwig von Mises. It presents Mises’s understanding–after long years of study and thought–of how the market economy functions. It is a major contribution to human knowledge. Interventionist ideas [...]
19Aug2009 | Bettina Bien Greaves | 2 comments | ContinuedHuman Action: The Treatise in Economics
“Next week we will discuss the master’s work.” So stated Dr. Hans Sennholz to close his graduate seminar during my junior year at Grove City College. I had owned a copy of Human Action since my freshman year, but the book was too daunting for me to really study it. I preferred to read Henry [...]
19Aug2009 | Peter J. Boettke | 1 comment | ContinuedA Triple Whammy for Austrian Economics
They say that when economic times are good businesses can get away with sloppy practices. In the intellectual world, however, it seems that sloppy thinking prevails in desperate times and important distinctions get thrown out the window. A good example of this appeared recently in a March 4 New York Times article titled “Ivory Tower [...]
19Aug2009 | Sandy Ikeda | 10 comments | ContinuedRizzo on Samuelson
Mario Rizzo, an economist for whom I have the deepest respect, has some important things to say about a recent article by Paul Samuelson, who has had so much to do with constructing mainstream economics. Read it here.
16Jun2009 | Sheldon Richman | 0 comments | ContinuedPete Boettke: GMU Faculty Member of the Year
Pete Leeson reports over at The Austrian Economists (a great blog!) that Pete Boettke, FEE lecturer, Freeman contributor, and an old friend of mine, has been named Faculty Member of the Year by the George Mason University Alumni Association.The Mason Gazette says: “If there were an MVP award in academia, Mason economist and alumnus Peter [...]
21May2009 | Sheldon Richman | 0 comments | Continued“I, Pencil” Revisited
Leonard Read’s classic essay, “I, Pencil,” is justly celebrated as the best short introduction to the division of labor and undesigned order ever written. But it holds another, largely overlooked lesson as well: “I, Pencil” is an excellent primer in the Austrian approach to capital theory. Read’s pencil describes its family tree, beginning with the [...]
24Apr2009 | Sheldon Richman | 0 comments | ContinuedMainstream Macro in an Austrian Nutshell
While the events that have unfolded over the past year have required some outside-the-box theorizing by mainstream macroeconomists, the econo-mists of the Austrian school can offer a straightforward, fill-in-the-blanks explanation by drawing on the theory first articulated by Ludwig von Mises and then developed by Friedrich A. Hayek.
24Apr2009 | Roger W. Garrison | 16 comments | ContinuedWhat We Believe
The Foundation for Economic Education, publisher of this magazine since 1956, is now in its seventh decade, and I am now in my seventh month as its president. As we expand the outreach of our programs and publications, now is a good time to remind our readers who we are and what we believe in. [...]
2Mar2009 | Lawrence W. Reed | 8 comments | ContinuedKeynes v. Hayek
Former U.S. Rep. Dick Armey has an excellent op-ed contrasting the views of Hayek and Keynes in today’s Wall Street Journal. “Washington Could Use Less Keynes and More Hayek” is here. A sample: Hayek, who famously debated Keynes in a series of articles after the release of “General Theory,” gave what I believe to be [...]
4Feb2009 | Sheldon Richman | 0 comments | ContinuedBottom Line
[T]here is no way for government macroeconomic policy to correct an incorrect perception of how [savings/consumption] plans have changed. There is no way for government to acquire the knowledge necessary to be able to coordinate individual plans. Such information simply does not exist. If it is going to ever exist it will be generated by [...]
24Jan2009 | Sheldon Richman | 0 comments | ContinuedPaul Krugman Flunks Capital Theory
Paul Krugman is said to have beat up on George Will during this joint appearance on ABC’s “This Week” back in November. But all Krugman really did was show that he, like Keynes, holds an unrealistic Play-Doh model of capital, as opposed to the heterogeneous, multistage, intertemporal structure-of-production model of the Austrian school. When Will [...]
21Jan2009 | Sheldon Richman | 0 comments | Continued“I, Pencil” Revisited
Leonard Read’s classic essay, “I, Pencil,” which is now 50 years old, is justly celebrated as the best short introduction to the division of labor and undesigned order ever written. Read saw an “extraordinary miracle … [in the] the configuration of creative human energies—millions of tiny know-hows configurating naturally and spontaneously in response to human [...]
16Jan2009 | Sheldon Richman | 0 comments | ContinuedHarry Reid – “Taxation Is Not Coercive”
Senate Majority Leader Harry Reid confirms in this interview what some of us have long suspected–namely that politicians are mostly those individuals too out of touch with reality to be capable of finding employment anywhere else!
11Dec2008 | Mason Drake | 0 comments | ContinuedSave Us from Government Spending
If you’re a glutton for torment as I am, you watch cable-TV news shows most nights. These days the shows are feeding viewers a steady diet of 100-proof Keynesianism as the cure for our economic woes. Leading in this department is Chris Matthews of MSNBC’s “Hardball.” (I call it “Nerf Ball.” Matthews’s idea of a [...]
14Nov2008 | Sheldon Richman | 0 comments | ContinuedDid Greenspan Do It?
Nearly every free-market advocate believes that the ultimate cause of the current housing and financial mess is Alan Greenspan’s easy-money policy when he was chairman of the Federal Reserve. But now two solid free-market economists and researchers nonpareil — David Henderson and Jeffrey Rogers Hummel — have published a paper arguing that Greenspan did not [...]
12Nov2008 | Sheldon Richman | 0 comments | Continued-
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