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.
READ MOREAustrian ideas are ripe for introduction into mainstream macroeconomics. But there is still a lot of work that needs to be done.
READ MOREVictor Morawetz worried that regional differences would undermine central bank independence.
READ MOREMacroeconomic theorists and policy makers have taken different routes in recent years.
READ MOREIs the macroeconomics profession taking an Austrian turn in the wake of the Great Recession?
READ MOREWhere does money come from? There are two reasonable ways to consider the question.
READ MOREWhen 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.
READ MOREAllan H. Meltzer’s influence as a monetary historian is undeniable. His role in advancing monetary disequilibrium theory should not be overlooked.
READ MOREIn 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 …
READ MORECan 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 …
READ MOREContra 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.
READ MOREFour misconceptions of the regression theorem, explained.
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