Category Archive: 6b) Austrian Economics

You Know How This Happens, Right?

Contemporary culture, with its fixation on careers, tends to downgrade the career of motherhood.

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You Know How This Happens, Right?

Contemporary culture, with its fixation on careers, tends to downgrade the career of motherhood.

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From Spoiled Sons of Liberty to Surveillance Leviathan: America’s Six Republics and the Myth of Eternal Union

Most Americans, unfortunately, believe that we are still living in the constitutional republic created in 1787. That was five republics ago.

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From Spoiled Sons of Liberty to Surveillance Leviathan: America’s Six Republics and the Myth of Eternal Union

Most Americans, unfortunately, believe that we are still living in the constitutional republic created in 1787. That was five republics ago.

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Austrian Capital Theory

When savers cut back and consumption falls, most economists cry "recession!" Paul Cwik on why an Austrian sees the opposite: an economy quietly retooling for future growth.

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Sanctuary Cities: Leave Your Ambition and Entrepreneurial Skills at the Border

While many immigrants bring entrepreneurial skills, they often settle in US cities governed by leftists who are hostile to private enterprise.

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The Quiet Rise of Chinese Innovation

The US government continues to drag down the economy with its reckless wars and massive debt accumulation. On the other side of the globe, China is pursuing a different path.

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Calculation and Socialism

The socialist calculation problem isn't a museum piece from 1920s Moscow. It's the Bureau of Land Management, this year. Timothy Terrell on why bureaucrats are still groping in the dark.

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The Ideology Behind the American Revolution

Why did so many American colonials take arms against the ruling British, even when the odds were stacked against them? Dr. Wanjiru Njoya looks into the competing ideological claims that go with analyzing the American Revolution.

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The Theory of Interest

Interest isn't the price of borrowing money or the reward for productive capital. It's the price we put on now over later. Jeffrey Herbener on time preference and the theory of interest.

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Constant, Tocqueville, and Acton on the Enlightenment, Liberalism, and Religion

The growing power of the centralized state loomed as the central problem for liberalism in the early nineteenth century, and the works of these three writers are a response to it.

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Freedom of speech dying a slow death in Europe

For decades, Western democracies operated under a comfortable consensus: censorship was a blunt instrument reserved for authoritarian regimes, while the “free world” relied on open debate, robust dissent, and constitutional safeguards. This sentiment allowed Western leaders to feel superior over the rest of the world, to lecture other countries on democratic principles and on “open society” ideas and in some cases to invade and bomb them too, to...

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Colonel Doug Macgregor: Sleepwalking into World War III

Colonel Douglas Macgregor holds up a mirror to the West and uses his deep historical knowledge and personal experience of previous conflicts to clearly demonstrate the parallels, the motivations and the dynamics that are still in place and dictate policy to this day.

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The Ideology Behind the American Revolution

Why did so many American colonials take arms against the ruling British, even when the odds were stacked against them? Dr. Wanjiru Njoya looks into the competing ideological claims that go with analyzing the American Revolution.

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Tariffs vs. Free Trade

A trade deficit sounds like losing—buying more than you sell. Lucas Engelhardt on why that 200-year-old intuition is exactly backwards, and what a deficit actually means.

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Price Controls

Rent control's cruelest irony: it makes discrimination cheaper. Joseph Salerno on the long-run effects of price caps that almost no one sees coming.

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Competition and Monopoly

The textbook model of "perfect competition" bans advertising, price cuts, and better products—the very things we mean by competing. Tate Fegley on why the mainstream picture of monopoly is upside down.

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The Austrian Theory of the Business Cycle

The recession isn't the disease, it's the cure. Patrick Newman on why the Austrians blame the boom, not the bust, and trace it all to one cause.

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Do Technology Shocks Cause Boom-Bust Cycles?

For a while, some economists tried to claim that business cycles are the result of significant changes in technology. The Austrians have a better explanation.

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Subjective Value and Market Prices

Jeffrey Herbener builds Austrian price theory from the ground up.

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