Keynesian vs Austrian debate hotting up
byLast week, an Austrian-School economist, Robert Wenzel, gave a speech to the New York Federal Reserve, and separately Bloomberg hosted a television debate between…
Keynesianism
The paradox of choice
byHere is a puzzle for Keynesian and other neo-classical economists. When a consumer buys something, he must choose; and if he increases his purchase…
Savings, investment, and the Keynesian preference – a follow-up
byFollowing on from last Saturday’s article … There is a general belief that government finances are somehow immune from the financial reality faced by…
Savings, investment, and the Keynesian preference
byNeo-classical economists underestimate the importance of the link between savings and investment. The two should be regarded as linked together: you need savings to…
Thinking inside the box – Chatham House on gold
byLast week, Chatham House, formerly known as the Royal Institute of International Affairs and a non-profit, non-governmental institution in London whose “mission is to…
The economic consequences of central bankers
byMore unemployment. More recession. More massive public debt. More print-more-money-and-pray quantitative easing. More Mervyn King bleating on about the stalled economy – but failing to…
What the classical economists knew and the moderns have forgotten – part 4
byHazlitt referred to the great economist Benjamin M. Anderson in the same breath as Mises when saying that both of them had already penned…
Euroland: an Austrian view
byIn the last two weeks the headlines have switched from Greece to Italy. Financial and economic commentators who dismissed Greece as a small cog…
Christina’s toxic cookbook
byKeynesian and other mainstream economists cannot explain the present crisis. That doesn’t seem to bother them. All they can offer is a description of…
ValueWalk interviews Detlev Schlichter
byReproduced by kind permission of Jacob Wolinsky at ValueWalk.com Can you tell us a little bit about your background? I studied economics in my…