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The Cantillon Effect and the “K-Shaped” Economy

Money is never neutral. Jeffrey Degner works line by line through the passage of Cantillon's Essay that made the case nearly three centuries ago—show…

4 weeks, 2 days ago

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Precursors of the Austrian School

Austrian economics did not begin in 1871. Mark Thornton traces its lineage back through the thinkers the mainstream dismisses: the Spanish Scholastic…

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How Norway Built the World’s Largest Fund and a Thriving Economy to Boot

Norway sits on large oil deposits, yet has managed to avoid the “resource curse” that has bedeviled so many nations that have abundant natural resour…

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Modern Monetary Theory

Modern Monetary Theory's central claim is that a government with a printing press is never budget constrained — so the only real limit on spending is…

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Game Theory

Game theory has Austrian roots—Oskar Morgenstern was Mises's doctoral student—but the way it's taught leads almost everywhere to the same conclusion:…

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Austrian Economists You May Not Know

Paul Cwik and Shawn Ritenour trace what happened to the Austrian school after Menger, Böhm-Bawerk, and Wieser—as it spread beyond Vienna and produced…

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Yes, Democratic Socialists Want Soviet-Style Control of Capital

While the democratic socialists are claiming to just want a society like they have in Denmark, their real aims are the seizure of all or most private…

4 weeks, 2 days ago

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Cronyism: The Origins of the Federal Reserve

Drawing on his new book Cronyism: Rise of the Corporate Estate, 1849–1929, Patrick Newman makes the case that the Federal Reserve is the signature ex…

1 month ago

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Inflation and the Family

Jeffrey Degner brings monetary economics to a subject economists rarely touch: the family. Surveying the global retreat from marriage and childbearin…

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Public Choice from an Austrian Perspective

Tate Fegley surveys the big ideas of public choice—politics analyzed with the tools of economics—and shows where an Austrian approach sharpens them. …

1 month ago

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