History of Economic Thought

Thursday, January 18th, 2018

Macroeconomic theorists and policy makers have taken different routes in recent years.

Wednesday, January 17th, 2018

Is the macroeconomics profession taking an Austrian turn in the wake of the Great Recession?

Monday, January 1st, 2018

Allan H. Meltzer’s influence as a monetary historian is undeniable. His role in advancing monetary disequilibrium theory should not be overlooked.

Sunday, December 31st, 2017

Where does money come from? There are two reasonable ways to consider the question.

Saturday, December 30th, 2017

When we discuss the origins of money, we are asking about the generation of a new conception where a particular kind of meaning is attributed to an object for the very first time.

Wednesday, August 2nd, 2017

In my previous posts, Andreas Hoffmann and I discussed the problem of unintended consequences in monetary policy, particularly as applied to the U.S. Federal Reserve and the European Central Bank in the context of the 2008 crisis.

Thursday, July 20th, 2017
Can you name an official at a major central bank who expresses worries that inflation is now, or soon will be, too high?  Can you identify any financial publication--even the Wall Street Journal--that does not report that recent inflation data have been "disappointing?" To paraphrase former Presiden
Tuesday, July 18th, 2017

Contra Mises, explicit coordination might be used to launch an intrinsically worthless item. Such a view is in line with standard models of money employed by economists today. Coordination also seems to have played a role in launching bitcoin.

Wednesday, October 22nd, 2014
The Wall Street Journal blog reports that Cato's new Center for Monetary and Financial Alternatives will have as a goal to "challenge the central bank
Wednesday, January 16th, 2013
In this piece, Mark Thornton tries to solve the riddle:  "Where is the Inflation?" by Mark Thornton
Saturday, September 29th, 2012
by Art Carden
Had he not passed away at the tender age of 92 in 1973, Ludwig von Mises would have turned 131 years old today. In my humble opinion, he was the greatest social thinker of the twentieth century.
Wednesday, September 5th, 2012
“Rep. Ron Paul sponsored this Congressional lecture on “What Is the Fed’s Future?”, the final lecture in a three part series on the Federal Reserve System for Congressional staff. As a continuing educational tool this lecture was filmed and is provided to the public.

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