Austrian School

Archive for Austrian School

Getting My Hands Dirty in the Mud With Noah Smith

Here’s my response to Noah Smith. An excerpt: So note the contradiction: On the one hand, mainstream economists ridicule Misesians for their “medieval” approach to economic theory, in which they deduce results logically rather than producing falsifiable propositions. But then these same critics tell the world that the outcome of a CPI movement destroys the […]

My Smug-O-Scope Is Broken So…

…I need you guys to explain something to me. The Order of the Phoenix debated whether I should respond to Noah Smith’s balanced and judicious essay on Austrian economics, and the ayes have it. But before I write it up, I am genuinely confused on one point: Noah refers to the Austrians’ “antiSemitic overtones” and […]

Tom Woods Interviews David Stockman

A great interview last week. In particular, Tom asks Stockman about Ronald Reagan’s governing style; really interesting stuff. If you like what you hear, remember that both Stockman and Tom will be speaking at the Night of Clarity in Nashville August 15! Full details here.

Spitznagel Snaps

Whoa, when he’s not taking calls from Dan Aykroyd, Eric Spitznagel goes off on people on Twitter. To get my Austrian fan base to read Eric’s NYT piece, I tweeted out: This amused Eric (I’m using first names not because we’re buds, but because I don’t want you to confuse him with Mark the investor) […]

Mark Spitznagel Uses a Chokehold to Teach His Brother About Mises

OK not quite. But some of you will find this NYT magazine story by Eric Spitznagel cute. (Mark Spitznagel is the author of The Dao of Capital, for which I was a consultant on the chapters dealing with Austrian theory.) Some excerpts: For the last four years, my brother and his family lived in a […]

Richard Ebeling Provides a Rare Photo of Mises

Richard gave me permission to post this shot from Facebook. He grabbed this when he was going through the archives of the Austrian Institute for Economic Research (formerly the Austrian Institute for Business Cycle Research) in Vienna. (Click the photo to be able to read Richard’s commentary better.) I pointed out on Facebook that Mises […]

2014 Night of Clarity — Featuring David Stockman

This is the annual event that Carlos Lara and I put on, in downtown Nashville. Here is the official event page. Other confirmed speakers: Tom Woods, IBC founder Nelson Nash, and FEE’s Larry Reed.

More Than You Ever Wanted to Know About Inventory Adjustments in GDP Accounting

Whether it’s government debt-burdened grandchildren, marginally productive capital, or inventory adjustments in GDP accounting, I don’t rest until I have resolved the issue to my own satisfaction–even if the rest of the world has moved on by that point. Anyway, drawing on a neat idea from “Transformer” in the comments here, I discuss this issue […]