Category Archive: 6b.) Mises.org

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Good Economic Theory Focuses on Explanation, Not Prediction

2019-12-22

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2019-12-22

In order to establish the state of the economy, economists employ various theories. Yet what are the criteria for how they decide whether the theory employed is helpful in ascertaining the facts of reality? According to the popular way of thinking, our knowledge of the world of economics is elusive — it is not possible to ascertain how the world of economics really works.

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Marx and Left Revolutionary Hegelianism

2019-12-22

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2019-12-22

[This article is excerpted from volume 2, chapter 11 of An Austrian Perspective on the History of Economic Thought (1995).] Hegel's death in 1831 inevitably ushered in a new and very different era in the history of Hegelianism. Hegel was supposed to bring about the end of history, but now Hegel was dead, and history continued to march on. So if Hegel himself was not the final culmination of history, then perhaps the Prussian state of Friedrich...

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Consumer Preferences Are Harder to Measure than the Behavioral Economists Think

2019-12-21

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2019-12-21

A recent paper in the Journal of Consumer Psychology (JCP) has started a debate on the accuracy of "loss aversion," the idea that people are driven by fear of losses more than they are by the potential for gain. Core to behavioral economics, this idea has been rather universally accepted and been part of the awarding of two economics Nobel Prizes, in 2002 to Daniel Kahneman and in 2017 to Richard Thaler.

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Where’s the Inflation? It’s in Stocks, Real Estate, and Higher Ed

2019-12-19

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2019-12-19

Increases in Spending and Prices 2009 through 2018
In my days before I worked for the Mises Institute, I had a colleague who knew I associated with Austrian-School economists. In the wake of the bailouts and quantitative easing that followed the 2008 financial crisis, he'd sometimes crack "where's all that inflation you Austrians keep talking about?"

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Episode 352: How to Think About the Economy w/ Per Bylund

2019-12-18

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44 Minutes Suitable for All Ages Pete welcomes Associate Professor Per Bylund to the show. Per is a Fellow at the Mises Institute and Associate Professor of Entrepreneurship at Oklahoma State University. Per is going to give a primer on production and demand. He answers the question as to whether demand drives production and innovation, …

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Hyperinflation, Money Demand, and the Crack-up Boom

2019-12-18

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2019-12-18

In the early 1920s, Ludwig von Mises became a witness to hyperinflation in Austria and Germany — monetary developments that caused irreparable and (in the German case) cataclysmic damage to civilization. Mises's policy advice was instrumental in helping to stop hyperinflation in Austria in 1922.

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The John O’Donnell Show with Jeff Deist

2019-12-17

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On Power Trading Radio, investors and traders across the nation are able to get live perspective on the market from experienced professional traders. The show is aimed at an audience that wants to improve its edge through active participation whether the market is moving up, down or sideways. In addition to stocks, topics will include …

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The US Economy Is Being Japanified — Thanks to the Fed

2019-12-17

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2019-12-17

Japan has not recovered fully from the lost decade of the 1990s. The Asian financial crisis was exacerbated by the dot-com crash and then a few years later the global economic collapse. Tokyo has tried everything to combat anemic growth and deflation, and resolve the zombification of the Japanese economy through an immense buildup of government debt and a dramatic loosening of monetary policy, including subzero interest rates.

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Embrace Unilateral Free Trade with the UK — Right Now

2019-12-16

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2019-12-16

Boris Johnson's Conservatives won an outright majority in yesterday's general election, pushing the Tories to an 80-strong Commons majority in what the Daily Mail called a "staggering election landslide." Given that the Conservatives employed an election slogan of "Get Brexit Done," it appears the election was largely a referendum on Brexit.

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Why the Courts Aren’t All They’re Supposed to Be

2019-12-15

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2019-12-15

In the United States, law courts routinely hand out court order mandating payments to victims. And then do little to enforce them. For example, according to the U.S. Census Bureau, in 2015 only 43.5 percent of custodial parents received the full amount of court-ordered child support payments. 25.8 percent received partial payment while 30.7 percent — a figure which is trending higher — received no payments.

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III Fórum de Liberdade Econômica – Firm Theory, Entrepreneurship & Strategic Management – Per Bylund

2019-12-13

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Sobre o Palestrante: Per Bylund, é membro do Mises Institute e professor assistente de empreendedorismo e registros – professor Johnston de Free Enterprise na Escola de Empreendedorismo da Spears School of Business da Oklahoma State University e membro associado do Ratio Institute em Estocolmo. Ele já ocupou cargos na Baylor University e na University of …

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Anatomia do Estado, Murray N. Rothbard (1926-1995) #indicação de leitura 28.

2019-12-13

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#DURecorder Este é meu vídeo gravado com DU Recorder. É fácil gravar sua tela e fazer transmissão ao vivo. Link de download: Android: https://goo.gl/s9D6Mf iOS: https://goo.gl/nXnxyN https://www.amazon.com.br/anatomia-do-estado/s?k=anatomia+do+estado https://www.mises.org.br/Ebook.aspx?id=69

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Why Central Banks Aren’t Really Setting Interest Rates

2019-12-13

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2019-12-13

Mainstream thinking considers the central bank a key factor in the determination of interest rates. By setting short-term interest rates, the central bank, it is argued, can influence the entire interest rate structure by creating expectations about the future course of its interest rate policy.

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Anatomia do Estado, Murray N. Rothbard (1926-1995) #indicação de leitura 28.

2019-12-12

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#DURecorder Este é meu vídeo gravado com DU Recorder. É fácil gravar sua tela e fazer transmissão ao vivo. Link de download: Android: https://goo.gl/s9D6Mf iOS: https://goo.gl/nXnxyN https://www.amazon.com.br/anatomia-do-estado/s?k=anatomia+do+estado https://www.mises.org.br/Ebook.aspx?id=69

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A possibilidade de uma justiça privada – Robert P. Murphy

2019-12-12

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Conheça todo meu trabalho e formas de apoia-lo http://etoempire.ctcin.bio/ A liberdade é inevitável!! Esse vídeo foi apoiado por : Allan Ricardo,Nicola Occhipinti Magalhães, Douglas Otoni, Átila Balzer Piekarski, Patrick Tracanelli, Artur Pereira de Lima, Vinícius Perini, Ricardo Ariel Nasatto, Thiago Carneiro Ribeiral, Luis Otavio Oliveira da Matta, Lucas Terass, Lucas Terassi, Carlos Oliveira, Leonardo José …

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Central Banks May Be Driving Us Toward More Waste, More Carbon Emissions

2019-12-12

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2019-12-12

People's Bank of China Balance Sheet
Christine Lagarde, the new president of the European Central Bank (ECB), has added a new green dimension to monetary policymaking. The charming Frenchwoman signaled that the ECB could buy green bonds, possibly as part of the reanimated bond purchase program (a form of QE). This could reduce the financing costs of green investment projects.

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Why this Boom Could Keep Going Well Beyond 2019

2019-12-10

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2019-12-10

Interest rates down, stock prices up, 1990-2020
The Austrian business cycle theory offers a sound explanation of what happens with the economy if and when the central banks, in close cooperation with commercial banks, create new money balances through credit expansion. Said credit expansion causes the market interest rate to drop below its "natural level," tempting people to save less and consume more.

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Professor Dr. Thorsten Polleit: „Die antikapitalistische Mentalität. Ein Psychogramm“

2019-12-09

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Vortrag von Professor Dr. Thorsten Polleit im Rahmen der 7. Jahreskonferenz des Ludwig von Mises Institut Deutschland am 19. Oktober 2019. Das Thema der Konferenz lautete: „Logik versus Emotion. Warum die Welt so ist, wie sie ist“. Mehr Informationen gibt es auf www.misesde.org Wir weisen darauf hin, dass unsere Kommentarfunktion dazu dient, sachlich fundierte Beiträge …

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How California’s Government Plans to Make Wildfires Even Worse

2019-12-09

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2019-12-09

Not every square inch of the planet earth is suitable for a housing development. Flood plains are not great places to build homes. A grove of trees adjacent to a tinder-dry national forest is not ideal for a dream home. And California's chaparral ecosystems are risky places for neighborhoods.

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Blue Laws: Consumers, Not Capitalists, Are the Reason We’re Working on Sunday

2019-12-07

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2019-12-07

It has now become commonplace for politicians and media pundits to casually assert that "everyone" — to use Alexandria Ocasio-Cortez's term — is now working more and more hours — and perhaps two or three jobs — just to attain the most basic, near-subsistence standard of living.

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