Topic: History

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Should Economics Attempt to Replicate the Natural Sciences?

– February 5, 2018

A phenomenon known as the Replication Crisis is challenging the seemingly unquestionable authority and accuracy that a published study in the natural sciences is expected to have, inviting the question as to whether economists should aspire to the standards of natural scientists or to something better.

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It’s Not a Comeback—It’s an Opportunity

– January 30, 2018

Austrian ideas are ripe for introduction into mainstream macroeconomics. But there is still a lot of work that needs to be done.

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Morawetz on Central Banking

– January 25, 2018

Victor Morawetz worried that regional differences would undermine central bank independence.

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The Macro Bifurcation

– January 17, 2018

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

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Don’t Call It a Comeback

– January 17, 2018

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

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On the Origins of Money, One More Time

– December 31, 2017

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

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Was Menger Right?

– December 30, 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.

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Two Cents On Meltzer

– December 30, 2017

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

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Knowledge Problem in Central Banking – Part I

– August 2, 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. This post tackles a r …

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The Inflation Tax

– July 20, 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 bee …

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The Regression Theorem: In Light of Bitcoin

– July 19, 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.

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The Regression Theorem: Misconceptions

– July 14, 2017

Four misconceptions of the regression theorem, explained.

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