Menu
While it’s true that many Austrian economists (Mises, Rothbard, Hayek, etc.) write in reference to gold as money and use such definitions in their thought constructs, the context of their writing must first be understood.
READ MORE
When a little over two years ago, at the second Lausanne Conference of this group, I threw out, almost as a sort of bitter joke, that there was no hope of ever again having decent money, unless we took from government the monopoly of issuing money and handed it over to private industry, I took it only half seriously.
READ MORE
Wondering why inflation figures are so tame when real estate prices are soaring? There is a simple explanation: the Consumer Price Index factors in rising rents, not rising home prices.
READ MORE
It is not enough to encourage enterprise and limit regulation—we need a fixed system of value.
READ MORE“…nor am I a doctor. But here is a critique of a school of economic thought, along with an appendectomy!” “Donny, you’re out of your element.” Fans of the cult classic film “The Big Lebowski” will recognize this line used by the neuroti …
READ MOREExpectations are a key concept in economics. If expectations are coordinated, then the economy is equilibrated and no accumulation of imbalances take place. Rational expectations, more particularly, sustain that even though errors are possible, they sh …
READ MORE“Bears are animals. Animals have four legs. Chairs have four legs. Therefore, chairs love honey.” What’s wrong with this logic? Don’t ask opponents of the Classical Gold Standard… The gold standard debate has seen a spike recently in different blogs …
READ MOREHas the current crisis destroyed the market’s “property memory systems”? by Leonard Liggio Hernando de Soto contributed a column to a series, “Capitalism in Crisis”, in the Financial Times (January 31, 2012). Its title is: “Knowledge lies at the heart …
READ MOREA few days ago, Paul Krugman defended the position that “Friedrich Hayek is not an important figure in the history of macroeconomics.” This triggered quite a few reactions (here, here, here, here and here). Anyone familiar with the general aspects on t …
READ MORE
Observations on the Discussions Concerning Free Banking [This article is excerpted from chapter 17 of Human Action: The Scholar’s Edition and is read by Jeff Riggenbach]
READ MOREUnlike some of his followers, Ludwig von Mises invested considerable part of his life studying policy issues with a thorough knowledge of the economic conditions and statistics of his native Austria (he even had an estimate of the number of leading ent …
READ MOREMarjorie Grice-Hutchinson, studying Spanish literature, stumbled into the monetary writings of the authors of the School of Salamanca; she shared those writings with F.A. Hayek, who realized how relevant they were. Murray Rothbard was also exposed to …
READ MORE
250 Division Street | PO Box 1000
Great Barrington, MA 01230-1000
Press and other media outlets contact
888-528-1216
press@aier.org
AIS is a fully owned subsidiary of AIER
This work is licensed under a
Creative Commons Attribution 4.0 International License,
except where copyright is otherwise reserved.
© 2021 American Institute for Economic Research
Privacy Policy
AIER is a 501(c)(3) Nonprofit
registered in the US under EIN: 04-2121305
