Austrian Business Cycle Theory ABCT is Better than Keynesianism
As the Federal Reserve engineers one financial bubble after another, we are reminded that the Austrian Business Cycle Theory explains what is happening and how there is a better way.
The Abortion Lobby Wants Taxpayer-Funded Abortions
Amendment 79 isn’t about legalizing abortion. It’s about ripping off the taxpayers.
Grow the Economic Pie, Don’t Reallocate It
Jeffrey Miron To a first approximation, economic policies target one of two objectives: efficiency (growing the economic pie) or redistribution (reallocating the economic pie). Alas, most politicians favor the latter,…
Who Sets the Prices for Goods?
The common perception is that businesses set prices at a level that always earns them profits. However, as Carl Menger first pointed out in 1871, the process of determining value…
Reflections on My Visit to Fudan University After 30 Years
James A. Dorn In October 1994, I was a visiting scholar at Fudan University in Shanghai. During my stay, I gave a series of lectures and received the Chinese edition…
Boom Versus Growth: Why the ABCT Is Superior to Keynesianism
As the Federal Reserve engineers one financial bubble after another, we are reminded that the Austrian Business Cycle Theory explains what is happening and how there is a better way.…
The installed base of fleet management systems in Southeast Asia to reach 5.4 million units by 2028
The market for fleet management (FM) solutions in Southeast Asia (SEA) has been in a growth period for several years. The market experienced quite significant setbacks during the pandemic, but…
Was Ricardo’s Comparative Advantage Really Different From What Adam Smith Said About Foreign Trade?
In this episode, Murphy clarifies what is right and wrong on comparative advantage.
Prohibition: The Sword of the State
Prohibition is one way the government swings the fist of violence into our daily lives.
Does Mass Immigration Adversely Impact the Natural Environment?
Opponents of President Biden‘s immigration policies have resorted to suing the Environmental Protection Agency to claim mass immigration harms the environment. Some observers have likened this to trying to nail…