This post originally appeared at The Cobden Centre. Following his introduction to Mises, Dr Eamonn Butler has released his latest book, Austrian Economics – A Primer. I recommend it strongly if you want to grasp the fundamentals of the Austrian School of Economics as quickly as possible: at just 118 pages, […]
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On double-dip recession
Via the Financial Times: The US Federal Reserve on Tuesday took a first step toward extending its crisis-era monetary policy regime, as it downgraded its view of the economic outlook amid rising fears of a “double-dip” recession. I expect the Bank of England to do similarly at 10:30 this morning. On […]
Read MoreEconomics for non-economists
Thanks to Andy Duncan, I have discovered Irwin Schiff’s splendid cartoon introductions to economics: How an Economy Grows and Why It Doesn’t and The Kingdom of Moltz, which explains the source of inflation. Here’s the former: See also Economics in One Lesson and How an Economy Grows and Why It […]
Read More“The Austrian School” by Jesús Huerta de Soto
I have discovered that the IEA have relaunched “The Austrian School” by Jesús Huerta de Soto: It has become increasingly clear that interventionism played a significant role in precipitating the 2008 financial crisis. The Austrian School is more than capable of providing the free market theoretical framework needed to understand why […]
Read MoreTu ne cede malis
Tu ne cede malis, sed contra audentior ito. This was the motto of Ludwig von Mises, a great economist and political scientist. It comes from Virgil’s Aeneid, Book VI and it translates as, “Do not give in to evil but proceed ever more boldly against it”. And so we should. […]
Read MoreCrass Keynesianism
This article originally appeared at cobdencentre.org. Via Thrifty families accused of prolonging the recession – Times Online, yet more crass Keynesianism: Anxious families are repaying debts instead of spending in the shops, amid concern over the uncertain economic outlook. The share of income saved in banks and building societies has […]
Read MoreSalamanca, the birthplace of economics
This post originally appeared on cobdencentre.org. Cobden Centre Chairman, Toby Baxendale, and Corporate Affairs Director, Steve Baker, are this week in Salamanca, Spain for the Ludwig von Mises Institute’s Supporters Summit 2009: One of the great discoveries of the 20th century concerns the origins of economic science in the late […]
Read MoreMy Journey to Austrianism via the City » The Cobden Centre
From the article which took the Cobden Centre through 1000 views per day, My Journey to Austrianism via the City, by James Tyler: I make the market in interest rate derivatives: a market born out of the neo classical revolution in finance fostered in Chicago during the 1970s. I am […]
Read MoreNow it’s looking like V for victory over recession – Times Online » The Cobden Centre
Writing for The Cobden Centre, I respond to an article in The Times reporting the appearance of prosperity: No one is arguing that the present interventions by government are not giving the impression of prosperity; we agree that injecting new money creates economic activity. However, these measures create only an […]
Read MoreTangible Ideas – Goodbye to All That » The Cobden Centre
Via Tangible Ideas – Goodbye to All That » The Cobden Centre, Sean Corrigan explains the end of an economic era: The sheer violence of this reversal of fortune — something akin to the sudden, mortal swoop of a melted-wax Icarus after long hours of patiently spiralling heavenward on the […]
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