Ostriches at the IASB
In an article for the FT on the 5th of February, highlighted by Steve Baker in a recent speech, Lord Lawson wrote: The auditing…
What the classical economists knew and the moderns have forgotten – part 4
Hazlitt referred to the great economist Benjamin M. Anderson in the same breath as Mises when saying that both of them had already penned…
What the classical economists knew and the moderns have forgotten – part 3
Today we reproduce a wonderful essay written by Ludwig von Mises for the Oct 30th 1950 edition of The Freeman, and subsequently published in…
What the classical economists knew and the moderns have forgotten – part 2
On Wednesday, I talked about the forgotten wisdom embodied in Say’s Law. Today, we reprint the chapter called “Keynes vs. Say’s Law” from Henry…
Mal-investments small and large
In yesterday’s article I emphasised that it is profit that is beneficial, not revenue. I’ve just read an excellent article (H/T Sean Corrigan) by…
What the classical economists knew and the moderns have forgotten
At times of recession, like we have today, a range of dodgy economic ideas that have been refuted several times over during the last…
A challenge for 2012 – part two
A challenge for 2012 – part one was to read The Theory of Money and Credit by Mises on its 100th year anniversary. The…
Fraud
I was pleased recently to interview with Amagi Films, producers of an upcoming documentary on the economic crisis. They sent us this summary of…
How the clash between Keynes and Hayek continues to define the difference between left and right
I’m pleased to promote another Hayek vs Keynes event at the London School of Economics: Date: Monday 13 February 2012 Time: 6.30-8pm Venue: Sheikh…
A challenge for 2012 – part one
Dear Reader, It has been 100 years since the publication of Ludwig von Mises’s The Theory of Money and Credit. I post here the…