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Andre Johnston Phijuntjitr
6 July 2010
2 comments

It has become increasingly clear that interventionism played a significant role in precipitating the 2008 financial crisis. The Austrian School is more than capable of providing the...
Charles K. Rowley
2 July 2010
12 comments

For those too young to remember, the mid-1970s witnessed the first demise of Keynesian economics as the much-worshipped Phillips Curve turned positive in depicting the relationship between the rate...
Terry Arthur
16 June 2010
1 comment

" You’re gouging on your prices If you charge more than the rest But it’s unfair competition If you think you can charge less! A second point that we would make, To help...
Anthony J. Evans
25 May 2010
38 comments

Last month the FT’s Martin Wolf asked a simple question, “Does Austrian economics understand financial crises better than other schools of thought?” After admitting that neo-...
Richard Wellings
6 May 2010
8 comments

With the opinion polls pointing to a close result and the prospect of a hung parliament, turnout is expected to be relatively high in today’s election. Yet for economists this presents a bit...
Philip Booth
28 April 2010
1 comment

The IEA is delighted that Gary Becker will be giving the Hayek Lecture on June 17th this year. Gary Becker attended Hayek’s evening seminars at the University of Chicago, thus making a nice...
Steven Kates
24 April 2010
2 comments

There is a video doing the rounds at the moment under the name, the “Keynes-Hayek Rap”, although more formally titled, “Fear the Boom and Bust”. It has had a million hits...
Eamonn Butler
21 April 2010
11 comments

Not enough people know the name of Ludwig von Mises (1881-1973). I hope my new Primer for the IEA will help change that. Mises brought new life and insights into the Austrian School of economics,...
Richard Wellings
10 March 2010
1 comment

In this extract of an interview with John O’Sullivan, F. A. Hayek discusses the Great Depression and the influence of John Maynard Keynes. Professor Hayek explains that he spent a year...
Steven Kates
8 March 2010
3 comments

I am now on a 40,000 kilometre round trip to present a paper that will last but a single hour. The nature of this trip can be understood in the context of the invitation I received: “On behalf...
John Blundell
15 January 2010
3 comments

Six weeks before he died in late April 1946, Keynes was visited by Hayek, who told me the conversation went something like this: HAYEK: What if you are wrong? KEYNES: Don’t worry. If I...
Peter King
12 January 2010
3 comments

I recently had a discussion with a commissioning editor of an academic publishing house who informed me that any new book proposal to do with New Labour stood little chance of getting published, but...
Peter King
4 January 2010
10 comments

The left, we might think, has had a bad time of it intellectually over the last 15 years: socialism has collapsed, Marxism has little or no credibility and supposedly left of centre governments...
Steven Kates
30 December 2009
4 comments

To die at 94, still compos mentis, still engaged in the economic debate, is astonishing. Some people seem to be born lucky, and Samuelson was one of those people. Paul Samuelson taught Keynesian...
Steven Kates
15 December 2009
10 comments

Peter Clarke was Professor of Modern British History at Cambridge and is the author of one of the leading texts on the Keynesian Revolution. He has now written a biography, Keynes: The Twentieth...
John Blundell
4 December 2009
1 comment

I approached SuperFreakonomics with great hope but also mild trepidation. The great hope was that Levitt and Dubner had pulled it off again after the incredible (and well-deserved) success of...
Steven Kates
24 November 2009
2 comments

What is one to make of this report? BEIJING, Nov 18 (Reuters) – President Barack Obama gave his sternest warning yet about the need to contain rising U.S. deficits, saying on Wednesday that if...
Steven Kates
18 November 2009
10 comments

There are at least three ways used to determine the success of an economy. We deal with something abstract called economic growth, we look at the most common measure we have for production which is...
Anthony J. Evans
31 October 2009
2 comments

I was shocked but delighted to learn that Elinor Ostrom has won the 2009 Nobel Prize in economics. Elinor Ostrom defies neat categorisation. She has a faculty position and an education in...
Steven Kates
29 October 2009
2 comments

One frequently hears statements that the stimulus package led to a lower level of unemployment or that it contributed to a higher level of GDP growth than would have occurred had no stimulus package...