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Academic interest: the free-market case against subsidised student loans
Bruno Prior
18 October 2010
18 comments

The purpose of markets is to discover the clearing price at which supply and demand balance. Demand is not simply what people want, but what they choose to put their scarce resources towards in...
A tale of three capitalisms
Kevin Dowd
18 October 2010
10 comments

One of the most important issues in the ongoing economic controversy is whether the crisis is due to a “failure of capitalism”. What both sides of this argument often overlook, however,...
The Nobel economics winning trio deconstructed
Robert Wenzel
13 October 2010
comments

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2010 was awarded jointly to Peter A. Diamond, Dale T. Mortensen and Christopher A. Pissarides. Diamond, 70, is an economist...
An introduction to the work of Ludwig von Mises
Eamonn Butler and Philip Booth
22 July 2010
3 comments

Philip Booth interviews Eamonn Butler, author of Ludwig von Mises – A Primer.    
Switzerland has no official poverty statistics. So what?
Kristian Niemietz
15 July 2010
2 comments

In the early 1960s, Chicago economist Milton Friedman travelled to Hong Kong to meet Sir John Cowperthwaite, the colony’s Financial Secretary. The economic development of Hong Kong had aroused...
“The Austrian School” by Jesús Huerta de Soto
Andre Johnston Phijuntjitr
6 July 2010
1 comment

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...
Keynesians now face the final curtain
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...
From barter to prices to interventionism
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...
What Austrian business cycle theory does and does not claim as true
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-...
Is it worth voting?
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...
Gary Becker to give the 2010 IEA Hayek Memorial Lecture
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...
Loosening the grip of Keynesian thought
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...
Ludwig von Mises – A Primer
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,...
Hayek on Keynes
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...
Speaking of Say’s Law
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...
Intellectuals and Society, by Thomas Sowell
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...
Profiting from capitalism
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...
A guide to modern lefties
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...
A note on Paul Samuelson
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...
Winston Churchill and the financial crisis
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...

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