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Please, click here to read this article in pdf format: March 18 2012 We are back from Washington DC and realize that we could choose different titles for today’s letter. Let’s try a few… Title No.1: “The market proved us wrong” Indeed, we have been, and continue to be ...
Posted to
A View from the Trenches
by
Martin Sibileau
on
Sun, Mar 18 2012
Filed under:
Filed under: Atlantic, KreditAnstalt, correlation, stocks, central banks, Greece, gold, Fed, financial repression, swaps, price system, 1931, ECB, Hayek, currency swaps
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After my recent re-post of Tyler Cowen's comments concerning Hayek's The Sensory Order , Roger Koppl posted a reply and sent along his recent paper "Some epistemological implications of economic complexity," forthcoming in JEBO . The...
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In A Theory of Justice , John Rawls elucidates a theory of justice that holds two basic principles of justice: 1. each individual is to have equal liberties in a scheme that enables the greatest amount of liberty without encroaching on those of others, and 2. social, and economic advantages are to be...
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It is now time to move from a case where credits are given to producers to where consumers are being given credits. Indeed, the general effects of an increase of money via consumers' credits, which will result in an increased relative demand for consumers' goods compared to producers' ones...
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I was going to write a longer diatrabe where I describe in detail the March on Albany (NY) protest I went to this past week put on by the Tea Party people. I was kinda reluctant, as most of the people in the local group are all retirees and I'm fresh out of college, but at least it's nice to...
Posted to
Musings from an Economics Student
by
champthom
on
Sat, Jun 20 2009
Filed under:
Filed under: mises, bastiat, rothbard, teaparty, protest, albany, rand, nys, conservative, ny, hayek
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At last we are ready to begin the main problem of this lecture, that is the problem of how a transition to a more capitalistic structure of production, or vice versa, is brought about, and what are the conditions that must be fulfilled for a new equilibrium to be brought about. The first of the two is...
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It is now time to add the flow of money into Hayek's theoretical apparatus. While the Hayekian triangle is used to illustrate the movement of goods through the economy's structure of production, it is just as legitimately utilized as a schematic to elucidate the flow of money. When the goods...
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Lecture 2: “The Conditions between the Production of Consumers' Goods, and the Production of Producers' Goods” In order to understand how prices influence the amount of goods produced, it is necessary to understand the causes behind variations in industrial output. Economic theory...
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Tom Woods , in his recent "Another "Free Market" Intellectual Has Second Thoughts" post at the Mises Economics Blog, notes with great disappointment that Richard Posner is about to publish a book that will apparently abandon the free market and call for greater government intervention...
Posted to
TT's Lost in Tokyo
by
TokyoTom
on
Tue, Mar 3 2009
Filed under:
Filed under: Block, Hayek, Huebert, limited liability, Woods, Nolan, Brown Brothers Harriman, Long, Glassman, Posner
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Stephen Marche at Esquire titled this piece, The State of the Culture Is... Sacred? Just look at our current slate of horror films. Scary movies serve the same function in the 20th and 21st centuries that fairy tales served the children of an earlier...
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Hayek realized that many of the difficulties involved with the first edition of Prices and Production could not be clarified without rewriting the entire book. Indeed, those obstacles were inherent in the mode of expression that he decided to utilize in writing the book. All factors considered, Hayek...
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Prices and Production arose, not as a book in and of itself, but out of a series of four lectures that Hayek gave during the 1930-1931 session of the LSE about Hayek’s recent contributions to, in his own words, “theoretical economics”. This provided him a unique, and unprecedented opportunity...
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Walter Block of Loyola University has graced the main LvMI blog with a rare post, this time a clipping - without commentary - from a piece entitled " Forget global warming: Welcome to the new Ice Age ", by Canadian conservative commentator Lorne Gunter concerning the relatively high snowfalls...
Posted to
TT's Lost in Tokyo
by
TokyoTom
on
Mon, Feb 25 2008
Filed under:
Filed under: climate, Reisman, Corrigan, Enviro Derangement Syndrome, Dolan, Block, Hayek, Richman, Callahan, confirmation bias, freedom
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In their more considerate writings, Austrians have counseled a cool, rational approach to environmental issues. But recent posts lead me to wonder whether a number of LvMI blog authors and commenters prefer hot-headed emotional outbursts and partisan, ad hominem attacks over Austrian principles, rational...
Posted to
TT's Lost in Tokyo
by
TokyoTom
on
Mon, Feb 18 2008
Filed under:
Filed under: climate, Reisman, mises, commons, Greenwald, Corrigan, Enviro Derangement Syndrome, Dolan, Austrian, Hayek
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I would like to bring readers' attention to Edwin G. Dolan's "Science, Public Policy and Global Warming: Rethinking the Market Liberal Position ", from the Fall 2006 issue of The Cato Journal: www.cato.org/pubs/journal/cj26n3/cj26n3-3.pdf . Dolan examines libertarian, "market liberal"...