Tags » Austrian Business Cycle Theory

Could the Next Crash Happen This Month?

In late August of this year, Federal Reserve chair Janet Yellen began hinting that the Fed might raise interest rates some time in September. Speaking at the annual meeting of central bankers in Jackson Hole, Wyoming, Ms Yellen said that “in light of the continued solid performance of the labour market and our outlook for economic activity and inflation, I believe that the case for an increase in the federal funds rate has strengthened in recent months.” 1,211 more words

Austrian Economics

Conflating Inventions (Technological Progress) with Capital in Economics

Will Thomas and I gave a talk on Austrian Economics at Atlas Summit 2016, where I pointed out that Austrian Business Cycle Theory (ABCT) does not fit the empirical facts.  642 more words

Patents

Why Austrian Economics?

The other day someone sent me a question over on my Tumblr blog: “Why Austrian economist? I thought you were English. Aren’t you a British national?” 2,414 more words

Austrian Economics

Eating the Inner Organs of Beasts and Fowls

Mr. Leopold Bloom was clearly given to sensuous pleasures but he wasn’t entirely immune to the pleasures of the mind. Following yesterday’s market action, most of us probably feel the need to scale back a little from our sensuous pleasures, such as eating the “inner organs of beasts and fowls”, and give more weight to reflective or cerebral pursuits. 450 more words

Economy