Archive for Austrian School

Mises and the Market

My article at The Daily Caller explains how the Austrian perspective prepared many analysts for the recent market volatility.

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Tom DiLorenzo: “How I Came To Austrian Economics”

This was the opening lecture for Mises University. (I’m in Auburn, AL all week for this flagship event of the Mises Institute.) Starting around the 12:00 mark Tom pays a nice compliment to David Friedman.

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Tom Woods and I Talk About Krugman and Keynesianism

It’s all here… BTW in the interview I implied that the tradition of explaining business cycles as due to purely real factors (as opposed to monetary) is centered in Chicago, but actually I think it’s more nuanced than that. (In contrast, the Efficient Markets Hypothesis is definitely associated with Chicago.)

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Don’t Trust the Experts: Not in Physics, Certainly Not in Economics

Tyler Cowen has an amusing post (with which I largely agree) where he wonders how many economists truly understand various important results in economics. One might walk away from Tyler’s post thinking, “Human knowledge has become so specialized that we can really only trust a handful of world experts in each little niche.” But that’s […]

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Potpourri

==> Tom Woods reports: My paper with Phil Magness on Piketty is the #1 downloaded in the past 60 days at Social Sciences Resource Network. If only truth were a popularity contest! (Oh wait, Piketty would be right then.) BTW, I should officially say that Phil did most of the laborious wading through Piketty’s spreadsheets, […]

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Austrian Economics and Math

I respond to that blog post I had earlier brought to your attention. An excerpt: I can’t think of a single prominent Austrian who ever said anything remotely like, “I hate math.”…So you can see why Albrecht’s whole premise seems foreign to me, and serves only to reassure outside critics that Austrians are a bunch […]

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Yes Scott Sumner Is “the NGDP Guy”

I explain why he has been pigeonholed. For example, he has said the Fed is more powerful than God because it controls NGDP. More substantively, I produce the following chart: So yes, Scott is right that some economists foolishly thought monetary policy was tight in the Weimar Republic because nominal interest rates were high. But […]

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Tom Woods and I Talk Austrian vs. Chicago, Bitcoin, Gold Standard

Here’s his blog post with various formats, below is the YouTube version.

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