The Marginal Revolutionaries: How Austrian Economists Fought the War of Ideas
David Gordon reviews Janek Wasserman's "The Marginal Revolutionaries" and finds some concerning errors and misunderstandings.
David Gordon reviews Janek Wasserman's "The Marginal Revolutionaries" and finds some concerning errors and misunderstandings.
Lawson and Powell have had the happy idea of presenting elementary economics in a humorous way that will appeal to those “turned off” by serious and sober scholarship.
In this article in our “Remembering” series, we commemorate the well-known economist Oskar Morgenstern, best known as the codeveloper of modern game theory with John von Neumann.
Ulrich Fehl, professor emeritus at Marburg University, passed away November 9, 2019. Prof. Fehl is remembered in this tribute by his student, Peter Engelhard
According to Philippon, in some industries Europe has a freer market than America does. The solution is somehow more regulation.
Addressing a problem that Karl-Friedrich Israel perceived in Salerno's chapter "The 'Income Effect' in Causal-Realist Price Theory," Salerno contends that Israel's resolution implies a denial of the law of demand.
Sieroń comments on Book and Sumner regarding the Cantillon effect, arguing that the Austrian analysis of the Cantillon effect is correct.
Binyamin Appelbaum, the main writer on economics for the New York Times, thinks that economics was appropriately progressive—favoring severe market restrictions—in the first half of the twentieth century. All this changed in the fifties.
Ulrich Fehl, professor emeritus at Marburg University, passed away November 9, 2019. Prof. Fehl is remembered in this tribute by his student, Peter Engelhard
This paper extends Austrian business cycle theory to the command economy and demonstrates that Mises’s socialist commonwealth would not be free from Rothbardian error cycles.