Are we experiencing Malflation?
Inflation This is a fall in the value of the purchasing power of money. Deflation This is an increase in the value of the…
The Battle of the Letters: Keynes v Hayek 1932, Skidelsky v Besley 2010
We are delighted to bring you a great letter exchange from history where in public debate Keynes traded economic blows with Hayek over causes…
Why today’s political class needs Ludwig von Mises
Following the success of our lunchtime event, we’re pleased to announce an evening of Austrian economics at the IEA next Thursday, focusing on the…
IEA Lunchtime event: The crisis and the Austrian theory of the business cycle
This Friday (9 July) at 1pm, I will be chairing a lunchtime event at the IEA: The crisis and the Austrian theory of the…
The Road to Serfdom, Amazon best seller
To our great delight, The Road to Serfdom, by the outstanding thinker F.A. Hayek, was this June the No. 1 best seller at Amazon.com…
Short sharp shock – “the Irish Route” or Keynesian Malaise?
Keynesian Theory According to Keynesian Theory, a recession is caused when there is not enough “aggregate demand” to soak up all the goods and…
The faith and folly of the Brussels elite
In his latest article for ConservativeHome, Steve Baker responds to comments by the departing Charlemagne columnist of The Economist. If the outgoing Charlemagne defines…
Im Gespräch: Sean Corrigan – an interview with FAZ
Sean Corrigan has been interviewed by the Frankfurter Allgemeine Zeitung. German readers can view the original article. For the sake of the rest of…
Further reflections on Alchemists of Loss
Last week I presented a book review of Alchemists of Loss [1]. Now I seek to explore the errors of Modern Financial Theory in more…
Alchemists of Loss
How Modern Finance and Government Intervention Crashed the Finance System by Kevin Dowd and Martin Hutchinson , Published by Wiley 2010. This book is…