The Bear’s Lair: The Oxfordshire School of economic thought
byMARTIN HUTCHINSON Oxfordshire, beautiful rolling land of small villages before 1900, may seem (outside the eponymous University itself) an unlikely seedbed for an economic…
Economics
Review: Austrian Economics – An Introduction by Steven Horwitz
byJune 27 saw the passing of economist Steven Horwitz at the age of 57. His loss will be felt by all who value not…
Inflation or Lockdown Whiplash?
byMainstream analysis sees rising consumer prices, and looks for a monetary cause. Also, when it sees an increase in the quantity of dollars, it…
This Is a Weak Jobs Recovery
byBy Daniel Lacalle The United States’s jobs recovery is extremely poor, especially if we consider the size of the monetary and fiscal stimulus and…
The Phillips curve myth
byBy Dr Frank Shostak According to a popular way of thinking, the central bank can influence the rate of economic expansion by means of…
Commodities, Supply-chains and Structural Changes in Demand
byTalk of a new commodity super-cycle may be premature Once GDP growth returns to trend, commodity demand will moderate Fiscal and monetary relief are…
Interest rates and the Fed what is the relation?
byBy Dr Frank Shostak It is widely held that the central bank is a key factor in the determination of interest rates. By popular…
“Progressives” Blame F. A. Hayek for Everything They Dislike
byThere is the ideologically captured mind that squeezes all the complexities, diversities, uncertainties, and serendipities of life into one limited dimension of cause and…
Artificial Intelligence Guide for Policy-Makers Part 3
byThe Cobden Centre has worked on emerging technologies around the world. This has included organising the Future of Artificial intelligence Roundtable discussions in the…
Too much liquidity
byYesterday, the FOMC released its June statement which only served to remind us that its members are powerless in the face of inflationary conditions….